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May 16, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > West Des Moines, Business Loans > Fidelity Bank West Des Moines Business Loans > Furniture Stores Loan | ||||
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Raising Money in Des Moines, Iowa With SBA Loans
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Financing for Furniture StoresLooking for commercial loans for furniture stores? Try the SBA. This $250,000 furniture stores loan was issued by an Iowa bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Des Moines, Iowa was able to borrow $250,000 from Fidelity Bank. The SBA made the loan possible by guaranteeing $187,500 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender FIDELITY BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 10/27/2005 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 14 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you have been wondering how do i get money to start a business in Des Moines IA, you ought to talk with a local Des Moines SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Des Moines businesses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Fidelity Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in West Des Moines, Iowa
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