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May 19, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Edgewood, Business Loans > Community Savings Bank Edgewood Business Loans > Dairy Farms Loan | ||||
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Community Savings Bank SBA Loan
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Business Loan from Community Savings Bank Given to Dairy Farms CompanyCommunity Savings Bank has a track record as a leading provider of SBA loans. Find out how this Iowa entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Garnevillo, Iowa was able to borrow $58,200 from Community Savings Bank. The SBA made the loan possible by guaranteeing $46,560 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: DAIRY FARMS SBA Loan Lender COMMUNITY SAVINGS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0241 - Dairy Farms Loan Approval Date 5/24/2000 Loan Approval Gross Amount $58,200 Loan Approval from the SBA Of the total $58,200 loan amount, the SBA guaranteed $46,560. 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 only one employee. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Savings Bank and they will explain how you can get an SBA loan for your company. 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: Good Banks for Small Business in Edgewood, Iowa
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