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May 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Colesburg, Business Loans > Farmers Savings Bank Colesburg Business Loans > Home Furnishing Wholesalers Loan | ||||
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Get an SBA Loan from Farmers Savings Bank
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Dyersville, Iowa Business Gets SBA-Guaranteed Funding from Farmers Savings BankAn SBA loan from Farmers Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dyersville, Iowa business owner got a $148,000 loan. Getting a small business loan in Dyersville, Iowa was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Farmers Savings Bank, operating out of Colesburg, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: HOME FURNISHING WHOLESALERS SBA Loan Lender FARMERS SAVINGS BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421220 - Home Furnishing Wholesalers Loan Approval Date 10/17/2000 Loan Approval Gross Amount $148,000 Loan Approval from the SBA Of the total $148,000 loan amount, the SBA guaranteed $111,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Farmers Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Accountant's Role in Securing Financing SBA 7A Lenders in Colesburg, Iowa
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