Iowa City, Iowa Lender Lends Money to Baked Goods Stores Company

Thinking about meeting with an Iowa City, Iowa bank about an SBA loan? Here's one Iowa business loan, issued by an Iowa City bank, that was approved by the SBA.

Applying for an SBA loan with Iowa St. Bank & Trust worked out well for our friends at one local firm in Iowa City, Iowa. They got an SBA loan for $36,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: BAKED GOODS STORES
IOWA CITY, IA 52240

SBA Loan Lender

IOWA ST. BANK & TRUST
102 S CLINTON ST
IOWA CITY, IA 52240

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

7/31/2003

Loan Approval Gross Amount

$36,000

Loan Approval from the SBA

Of the total $36,000 loan amount, the SBA guaranteed $18,000.

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 2 employees. The loan application indicated that the borrowed money would help generate 1 new job.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Iowa City IA, you ought to talk with a local Iowa City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Iowa City businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Iowa St. Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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