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May 16, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Wapello, Business Loans > Iowa State Bank Wapello Business Loans > Direct Mail Advertising Loan | ||||
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Banks for Burlington, Iowa Business Owners
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Iowa State Bank Gives SBA Loan to Direct Mail Advertising CompanyIowaBusiness loans are available to Iowa business owners through the SBA. In this case, an Iowa bank provides the loan. By giving the right information to Iowa State Bank, this Burlington, Iowa business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: DIRECT MAIL ADVERTISING SBA Loan Lender IOWA STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541860 - Direct Mail Advertising Loan Approval Date 4/7/2006 Loan Approval Gross Amount $125,600 Loan Approval from the SBA Of the total $125,600 loan amount, the SBA guaranteed $106,760. 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 8 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great funding source 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 Iowa State Bank 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: Determining Proper Capital Structure for a Business
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