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May 18, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Burlington, Business Loans > Two Rivers Bank & Trust Burlington Business Loans > Retail Bakeries Loan | ||||
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Burlington Bank Loan
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Burlington, Iowa Bank Gives SBA Loan to Retail Bakeries CompanyA Burlington, Iowa business loan can be yours. Learn how a business got a $68,500 business loan from this Iowa bank. This loan to a local firm is a good example of an SBA loan. Two Rivers Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender TWO RIVERS BANK & TRUST This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311811 - Retail Bakeries Loan Approval Date 1/26/2005 Loan Approval Gross Amount $68,500 Loan Approval from the SBA Of the total $68,500 loan amount, the SBA guaranteed $58,225. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Burlington or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 for Burlington, Iowa Loans
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