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May 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Pilot Grove, Business Loans > Pilot Grove Savings Bank Pilot Grove Business Loans > Flower, Nursery Stock, And Florists' Supplies Wholesalers Loan | ||||
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Tips for Business Owners On Getting a Loan
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Small Business Loans for Flower, Nursery Stock, and Florists' Supplies WholesalersLooking for small business loans for flower, nursery stock, and florists' supplies wholesalers? An SBA loan may be just what you've been looking for. This $550,000 flower, nursery stock, and florists' supplies wholesalers loan was issued by an Iowa bank. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Pilot Grove Savings Bank, out of Pilot Grove, Iowa. The loan was granted and they received $550,000 to help grow their Wever, Iowa business. SBA Loan Borrower COMPANY TYPE: FLOWER, NURSERY STOCK, AND FLORISTS' SUPPLIES WHOLESALERS SBA Loan Lender PILOT GROVE SAVINGS BANK This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422930 - Flower, Nursery Stock, and Florists' Supplies Wholesalers Loan Approval Date 9/30/2002 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 12 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. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Pilot Grove Savings Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Banks in Pilot Grove, Iowa
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