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May 19, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Pleasant Hill, Business Loans > Horizon Bank Pleasant Hill Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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How to Get SBA Loans in Clive, Iowa
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Small Business Loans for Fitness and Recreational Sports CentersLooking for small business loans for fitness and recreational sports centers? Talk to a banker who works with the SBA. This $50,000 fitness and recreational sports centers loan was issued by an Iowa bank. Getting a small business loan in Clive, Iowa was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Horizon Bank, operating out of Pleasant Hill, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender HORIZON BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 9/28/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Horizon Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Horizon Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Approved Banks in Pleasant Hill, Iowa
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