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May 13, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Limited-Service Restaurants Loan | ||||
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Getting an SBA Loan in Cedar Rapids, Iowa
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Company Gets an Iowa Bank LoanIowaSBA loans are available to Iowa entrepreneurs through the SBA. In this case, an Ohio bank provides the loan. You can learn something about getting a small business loan in Cedar Rapids, Iowa by studying this loan to a local business, made back in 2007. Banks like U.S. Bank National Association may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 6/11/2007 Loan Approval Gross Amount $171,600 Loan Approval from the SBA Of the total $171,600 loan amount, the SBA guaranteed $128,700. 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 2 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 12 existing jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $171,600. How would you spend $171,600 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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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