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May 16, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Marshalltown, Business Loans > F&m Bank-Iowa Marshalltown Business Loans > Plumbing, Heating, And Air-Conditioning Loan | ||||
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Iowa Bank SBA Loans
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Marshalltown, Iowa Bank Lends Money to Plumbing, Heating, And Air-Conditioning Company in Ames, IowaGet to know Marshalltown, Iowa banks that specialize in SBA loans and know how to work with entrepreneurs. F&m Bank-Iowa is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Ames, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from F&m Bank-Iowa. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR-CONDITIONING SBA Loan Lender F&M BANK-IOWA This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1711 - Plumbing, Heating, and Air-Conditioning NAICS Code 235110 - Plumbing, Heating, and Air Conditioning Contractors Loan Approval Date 1/4/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like F&m Bank-Iowa and they will explain how you can get an SBA loan for your company. 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: Best Banks in Marshalltown, Iowa
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