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May 16, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Walford, Business Loans > Farmers Savings Bank Walford Business Loans > Bowling Centers Loan | ||||
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SBA Lender Cedar Rapids Iowa
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Bowling Centers SBA LoansLooking for SBA loans for bowling centers? The SBA may be the answer. This $700,000 bowling centers loan was issued by an Iowa bank. This small business knew how to go about getting a business bank loan. Based in Cedar Rapids, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Farmers Savings Bank, based in Walford, Iowa. SBA Loan Borrower COMPANY TYPE: BOWLING CENTERS SBA Loan Lender FARMERS SAVINGS BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7933 - Bowling Centers NAICS Code 713950 - Bowling Centers Loan Approval Date 3/3/2000 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $420,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels 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. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Farmers Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Good Banks for Small Business in Walford, Iowa
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