Loan to Buy Entrepreneur's Source the Franchise Issued By Green Belt Bank & Trust

Need money to purchase an Entrepreneur's Source the franchise? Green Belt Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Iowa Falls, Iowa needed money to invest in an Entrepreneur's Source the franchise back in 2002. Green Belt Bank & Trust issued an SBA franchise loan. Here are the details on this Iowa small business loan.

SBA Loan Borrower

THE ENTREPRENEUR'S SOURCE
IOWA FALLS, IA 50126

SBA Loan Lender

GREEN BELT BANK & TRUST
616 WASHINGTON AVE
IOWA FALLS, IA 50126

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541618 - Management Consulting Services

Loan Approval Date

7/30/2002

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Entrepreneur's Source the franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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