Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

SBA Lender Iowa Falls Iowa

 

 
Loan Census SBA Loan Info

Business Loans for Women's Clothing Stores

Looking for business loans for women's clothing stores? Try the SBA. This $85,200 women's clothing stores loan was issued by an Iowa bank.

This small business knew how to go about getting a business bank loan. Based in Iowa Falls, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Green Belt Bank & Trust, based in Iowa Falls, Iowa.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
IOWA FALLS, IA 50126

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

11/8/2001

Loan Approval Gross Amount

$85,200

Loan Approval from the SBA

Of the total $85,200 loan amount, the SBA guaranteed $63,900.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Green Belt Bank & Trust and they will explain how you can get an SBA loan for your company.

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:

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Banks in Iowa Falls, Iowa

Iowa SBA 7A Lenders