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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 > First Bank West Des Moines Business Loans > Plumbing And Heating Equipment And Supplies Merchant Wholesaler Loan | ||||
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SBA 7A Banks That Lend to Des Moines Entrepreneurs
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Des Moines, Iowa Entrepreneur Gets a Bank LoanLooking to get an Iowa small business loan? This Iowa entrepreneur got a small business loan, provided by an Iowa bank that works with the SBA to help small business owners. Getting a small business loan in Des Moines, Iowa was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First Bank. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES MERCHANT WHOLESALER SBA Loan Lender FIRST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423720 - Plumbing and Heating Equipment and Supplies Merchant Wholesaler Loan Approval Date 3/14/2005 Loan Approval Gross Amount $87,500 Loan Approval from the SBA Of the total $87,500 loan amount, the SBA guaranteed $74,375. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in West Des Moines, Iowa
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