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May 12, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Davenport, Business Loans > Northwest Bank & Trust Company Davenport Business Loans > Lessors Of Nonresidential Buildings Loan | ||||
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Iowa Bank SBA Loans
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Davenport, Iowa Lender Lends Money to Lessors Of Nonresidential Buildings CompanyA Davenport, Iowa small business loan can be yours. Learn how a business got a $1,242,800 business loan from this Iowa bank. This loan to a local firm is a good example of an SBA loan. Northwest Bank & Trust Company made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS SBA Loan Lender NORTHWEST BANK & TRUST COMPANY This business 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 531120 - Lessors of Nonresidential Buildings Loan Approval Date 11/16/2000 Loan Approval Gross Amount $1,242,800 Loan Approval from the SBA Of the total $1,242,800 loan amount, the SBA guaranteed $567,960. More Information on This SBA Loan The borrower borrowed this money for an existing 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. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Northwest Bank & Trust Company and they will explain how you can get an SBA loan for your company. 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: Getting a Business Loan in Iowa
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