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May 19, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Hampton, Business Loans > First National Bank Of Hampton Hampton Business Loans > Lithographic Commercial Printing Loan | ||||
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Iowa Bank SBA Loans
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First National Bank Of Hampton SBA Loan to Lithographic Commercial Printing CompanyWant an Iowa small business loan? Here's one Iowa business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Hampton, Iowa, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was First National Bank Of Hampton, based in Hampton, Iowa. SBA Loan Borrower COMPANY TYPE: LITHOGRAPHIC COMMERCIAL PRINTING SBA Loan Lender FIRST NATIONAL BANK OF HAMPTON This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2752 - Lithographic Commercial Printing Loan Approval Date 7/19/2000 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $48,000. 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 application for the borrower did not indicate that the business promised to use the funding to increase staffing levels 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. We can help you find the best banks for small businesses in Hampton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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