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April 28, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Ankeny, Business Loans > Community St. Bank Ankeny Business Loans > The Great Frame Up Loan | ||||
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Raising Money in Ankeny, Iowa With SBA Loans
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Community St. Bank Provides SBA Loan to Buy Great Frame the FranchiseNeed a loan to invest in a Great Frame the franchise? Community St. Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Great Frame the franchise shouldn't be overly burdensome. In 2004, Community St. Bank issued an SBA franchise loan to an entrepreneur in Ankeny, Iowa. Because Great Frame the was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis. SBA Loan Borrower THE GREAT FRAME UP SBA Loan Lender COMMUNITY ST. BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442299 - Home Furnishings Stores Loan Approval Date 2/10/2004 Loan Approval Gross Amount $118,500 Loan Approval from the SBA Of the total $118,500 loan amount, the SBA guaranteed $100,725. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Great Frame the franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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:
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