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May 12, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Davenport, Business Loans > Northwest Bank & Trust Company Davenport Business Loans > Lessors Of Nonresidential Buildings Loan | ||||
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Davenport, Iowa SBA Banks
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Davenport, Iowa Bank Gives SBA Loan to Lessors Of Nonresidential Buildings CompanyA Davenport, Iowa SBA loan can be yours. Learn how one firm got a $63,850 business loan from this Iowa bank. This loan to a local firm is a good example of an SBA loan. Northwest Bank & Trust Company made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS SBA Loan Lender NORTHWEST BANK & TRUST COMPANY This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531120 - Lessors of Nonresidential Buildings Loan Approval Date 1/14/2008 Loan Approval Gross Amount $63,850 Loan Approval from the SBA Of the total $63,850 loan amount, the SBA guaranteed $54,272. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 40 employees. The SBA loan documents indicated that the loan would help generate 27 new jobs and retain 13 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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:
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