Getting an SBA Loan for Snack and Nonalcoholic Beverage Bars
With these business loans for snack and nonalcoholic beverage bars, the SBA guarantees the lender that the loan will be repaid. This snack and nonalcoholic beverage bars loan for $104,000 was given to an Iowa entrepreneur in 2006.
Getting a small business loan in Chariton, Iowa was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Midwest Heritage Bank, F.S.B., operating out of Chariton, Iowa. Here are the details on this Iowa small business loan.
SBA Loan Borrower
COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
CHARITON, IA 50049
SBA Loan Lender
MIDWEST HERITAGE BANK, F.S.B.
1025 BRADEN AVE
CHARITON, IA 50049
This bank 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.
NAICS Code
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
4/3/2006
Loan Approval Gross Amount
$104,000
Loan Approval from the SBA
Of the total $104,000 loan amount, the SBA guaranteed $88,400.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Equity Financing
Small Bank Loans in Chariton, Iowa
Iowa SBA 7A Lenders