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May 8, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Davenport, Business Loans > Quad City Bank & Trust Davenport Business Loans > Florists Loan | ||||
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SBA Lenders in Davenport
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Business Loan from Quad City Bank & Trust Given to Florists CompanyQuad City Bank & Trust is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Iowa entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Davenport, Iowa, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Quad City Bank & Trust, based in Davenport, Iowa. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender QUAD CITY BANK & TRUST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 4/5/2005 Loan Approval Gross Amount $451,600 Loan Approval from the SBA Of the total $451,600 loan amount, the SBA guaranteed $338,700. 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 50 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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 Quad City Bank & Trust 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: Dealing With Venture Capitalists
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