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April 27, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > West Des Moines, Business Loans > Liberty Bank, Fsb West Des Moines Business Loans > General Freight Trucking, Local Loan | ||||
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Hampton, Iowa Bank Loan
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Commercial Loans for General Freight Trucking, LocalLooking for commercial loans for general freight trucking, local? Try the SBA. This $70,500 general freight trucking, local loan was issued by an Iowa bank. This small business knew how to go about getting a business bank loan. Based in Hampton, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Liberty Bank, Fsb, based in West Des Moines, Iowa. SBA Loan Borrower COMPANY TYPE: GENERAL FREIGHT TRUCKING, LOCAL SBA Loan Lender LIBERTY BANK, FSB This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires 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 484110 - General Freight Trucking, Local Loan Approval Date 7/15/2004 Loan Approval Gross Amount $70,500 Loan Approval from the SBA Of the total $70,500 loan amount, the SBA guaranteed $59,925. 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 West Des Moines, Iowa
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