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May 18, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Johnston, Business Loans > Polk County Bank Johnston Business Loans > Radio, Television, And Electronics Stores Loan | ||||
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SBA 7A Banks for Des Moines Businesses
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Radio, Television, and Electronics Stores Small Business LoansLooking for small business loans for radio, television, and electronics stores? Talk to a banker who works with the SBA. This $46,400 radio, television, and electronics stores loan was issued by an Iowa bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Polk County Bank, out of Johnston, Iowa. The loan was granted and they received $46,400 to help grow their Des Moines, Iowa business. SBA Loan Borrower COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES SBA Loan Lender POLK COUNTY 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 443112 - Radio, Television, and Electronics Stores Loan Approval Date 7/28/2005 Loan Approval Gross Amount $46,400 Loan Approval from the SBA Of the total $46,400 loan amount, the SBA guaranteed $39,440. 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 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Browse All Business Loan Sources for Iowa
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