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May 11, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Humboldt, Business Loans > Bank Iowa Humboldt Business Loans > Specialized Long-Distance Freight Trucking Loan | ||||
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Humboldt SBA Loans
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Humboldt, Iowa Entrepreneur Gets a Small Business LoanWant an Iowa bank loan? This Iowa entrepreneur got a bank loan, provided by an Iowa bank that works with the SBA to help small business owners. This company, based in Humboldt, Iowa, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Iowa. We've got the inside scoop on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: SPECIALIZED LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender BANK IOWA The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484230 - Specialized Long-Distance Freight Trucking Loan Approval Date 8/23/2006 Loan Approval Gross Amount $820,000 Loan Approval from the SBA Of the total $820,000 loan amount, the SBA guaranteed $615,000. 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 31 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $820,000. How would you spend $820,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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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