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May 11, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Hillsboro, Business Loans > Ncb, Fsb Hillsboro Business Loans > Automotive Transmission Repair Loan | ||||
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How to Get SBA Loans in Council Bluffs, Iowa
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Getting an SBA Loan for Automotive Transmission RepairLooking for commercial loans for automotive transmission repair? An SBA loan may be just what you've been looking for. This $266,000 automotive transmission repair loan was issued by an Ohio bank. Getting a small business loan in Council Bluffs, Iowa was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Ncb, Fsb, operating out of Hillsboro, Ohio. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE TRANSMISSION REPAIR SBA Loan Lender NCB, FSB 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 SBA bank 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 811113 - Automotive Transmission Repair Loan Approval Date 2/14/2002 Loan Approval Gross Amount $266,000 Loan Approval from the SBA Of the total $266,000 loan amount, the SBA guaranteed $199,500. 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 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $266,000. How would you spend $266,000 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: Obtaining Funding - Getting Venture Capital Best Hillsboro, Ohio Banks for Small Business
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