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May 19, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Waterloo, Business Loans > Bankiowa Waterloo Business Loans > Communications Equipment Manufacturing Loan | ||||
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IA SBA Loans from Bankiowa
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SBA Loan from Bankiowa Helps Communications Equipment Manufacturing CompanyAn SBA loan from Bankiowa typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Waterloo, Iowa business owner got a $76,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waterloo, Iowa was able to borrow $76,000 from Bankiowa. The SBA made the loan possible by guaranteeing $57,000 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: COMMUNICATIONS EQUIPMENT MANUFACTURING SBA Loan Lender BANKIOWA The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334290 - Communications Equipment Manufacturing Loan Approval Date 11/9/2005 Loan Approval Gross Amount $76,000 Loan Approval from the SBA Of the total $76,000 loan amount, the SBA guaranteed $57,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 14 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours 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: Who Lends Money to Small Businesses in Waterloo, Iowa
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