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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 > Store Retailers Loan | ||||
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How to Get SBA Money in Des Moines, Iowa
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Local Business Gets an Iowa Bank LoanBusiness loans in Iowa are hard to find these days. We take a look at one Iowa business loan, provided by an Iowa bank, that was approved by the SBA. This company, based in Des Moines, Iowa, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Polk County Bank. We've got the inside scoop on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender POLK COUNTY 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 453998 - Store Retailers Loan Approval Date 1/10/2008 Loan Approval Gross Amount $399,000 Loan Approval from the SBA Of the total $399,000 loan amount, the SBA guaranteed $299,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 10 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This SBA loan was for $399,000. How would you spend $399,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Banks for Johnston, Iowa Loans
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