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May 17, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Boone, Business Loans > Community Bank Of Boone Boone Business Loans > Eating Places Loan | ||||
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Iowa Bank SBA Loans
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Community Bank Of Boone SBA Loan to Eating Places CompanyWant an Iowa SBA loan? Here's one Iowa business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stratford, Iowa was able to borrow $65,000 from Community Bank Of Boone. The SBA made the loan possible by guaranteeing $52,000 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender COMMUNITY BANK OF BOONE This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 8/29/2000 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $52,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Where to Get an SBA Loan in Boone, Iowa
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