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May 17, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Oelwein, Business Loans > Fidelity Bank & Trust Oelwein Business Loans > Chiropractors Loan | ||||
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How to Get Commercial Loans in Independence, Iowa
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Independence, Iowa Entrepreneur Gets an SBA LoanIowaSmall business loans are available to Iowa small business owners through the SBA. In this case, an Iowa bank provides the loan. This business, based in Independence, 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 Fidelity Bank & Trust. We've got the inside scoop on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender FIDELITY BANK & TRUST This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Chiropractors Loan Approval Date 12/20/2000 Loan Approval Gross Amount $117,300 Loan Approval from the SBA Of the total $117,300 loan amount, the SBA guaranteed $87,975. 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 business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Independence IA, you ought to talk with a local Independence SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Independence businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Family and Friend Investors - Your First Financiers
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