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May 12, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > De Witt, Business Loans > First Central State Bank De Witt Business Loans > Translation And Interpretation Services Loan | ||||
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Who Can Get a Business Loan in Davenport, Iowa?
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Commercial Loans for Translation and Interpretation ServicesLooking for commercial loans for translation and interpretation services? An SBA loan may be just what you've been looking for. This $340,000 translation and interpretation services loan was issued by an Iowa bank. This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Central State Bank, out of De Witt, Iowa. The loan was granted and they received $340,000 to help grow their Davenport, Iowa business. SBA Loan Borrower COMPANY TYPE: TRANSLATION AND INTERPRETATION SERVICES SBA Loan Lender FIRST CENTRAL STATE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541930 - Translation and Interpretation Services Loan Approval Date 8/29/2007 Loan Approval Gross Amount $340,000 Loan Approval from the SBA Of the total $340,000 loan amount, the SBA guaranteed $255,000. 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Central State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Determining Proper Capital Structure for a Business SBA Participating Banks in De Witt, Iowa Browse All Business Loan Sources for Iowa
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