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May 11, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Vinton, Business Loans > Farmers Savings Bank & Trust-Vin Vinton Business Loans > Janitorial Services Loan | ||||
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Iowa Bank SBA Loans
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Business Loan from Farmers Savings Bank & Trust-Vin Given to Janitorial Services CompanyFarmers Savings Bank & Trust-Vin and the SBA work together to get business loans for growing small businesses. Here's an example of how an Iowa entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cedar Rapids, Iowa was able to borrow $125,000 from Farmers Savings Bank & Trust-Vin. The SBA made the loan possible by guaranteeing $93,750 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: JANITORIAL SERVICES SBA Loan Lender FARMERS SAVINGS BANK & TRUST-VIN SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561720 - Janitorial Services Loan Approval Date 6/22/2004 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $93,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 200 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Vinton, Iowa Banks for Small Business Browse All Business Loan Sources for Iowa
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