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May 17, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Emmetsburg, Business Loans > Iowa Trust & Savings Bank Emmetsburg Business Loans > Dog And Cat Food Manufacturing Loan | ||||
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Get an SBA Loan in Emmetsburg, Iowa
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Iowa Small Business Loan Issued to Dog And Cat Food Manufacturing CompanyBank loans in Iowa are are few and far betweeen these days. We take a look at one Iowa bank loan, provided by an Iowa bank, that was approved by the SBA. Getting a small business loan in Emmetsburg, Iowa was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Iowa Trust & Savings Bank. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: DOG AND CAT FOOD MANUFACTURING SBA Loan Lender IOWA TRUST & SAVINGS BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311111 - Dog and Cat Food Manufacturing Loan Approval Date 4/17/2003 Loan Approval Gross Amount $14,600 Loan Approval from the SBA Of the total $14,600 loan amount, the SBA guaranteed $12,410. 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 loan application did not indicate that the SBA funding recipient planned to use the funding 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Where to Get an SBA Loan in Emmetsburg, Iowa
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