Business Loan from Cedar Valley Bank & Trust Given to Farm Supplies Company

An SBA loan from Cedar Valley Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a La P0rte City, Iowa business owner got a $1,000,000 loan.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Cedar Valley Bank & Trust, out of La Porte City, Iowa. The loan was granted and they received $1,000,000 to help grow their La P0rte City, Iowa business.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES
LA P0RTE CITY, IA 50651

SBA Loan Lender

CEDAR VALLEY BANK & TRUST
321 MAIN ST
LA PORTE CITY, IA 50651

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5191 - Farm Supplies

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

5/25/2000

Loan Approval Gross Amount

$1,000,000

Loan Approval from the SBA

Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

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.

Related Links:

Investor Turnoffs

SBA 7A Lenders in La Porte City, Iowa

SBA Iowa Banks