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May 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Dubuque, Business Loans > Dutrac Community Cu Dubuque Business Loans > Solid Waste Collection Loan | ||||
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Banks That Lend to Iowa Business Owners
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Growing Company Gets an Iowa SBA LoanIowaBank loans are available to Iowa firms through the SBA. In this case, an Iowa bank provides the loan. Getting a small business loan in Dubuque, Iowa was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Dutrac Community Cu. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: SOLID WASTE COLLECTION SBA Loan Lender DUTRAC COMMUNITY CU This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 562111 - Solid Waste Collection Loan Approval Date 6/1/2004 Loan Approval Gross Amount $126,000 Loan Approval from the SBA Of the total $126,000 loan amount, the SBA guaranteed $107,100. 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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We can help you find the best banks for small businesses in Dubuque or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Bank Loans in Dubuque, Iowa
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