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May 9, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cresco, Business Loans > C Us Bank Cresco Business Loans > Full-Service Restaurants Loan | ||||
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Banks in Cresco, Iowa That Make SBA Loans
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Cresco, Iowa Lender Lends Money to Full-Service Restaurants CompanyWant to talk with a Cresco, Iowa bank about an SBA loan? Here's one Iowa business loan, issued by a Cresco bank, that was approved by the SBA. Applying for an SBA loan with C Us Bank worked out well for our friends at one local firm in Lime Springs, Iowa. The business was able to get an SBA loan for $74,300. Nice! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender C US BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/15/2004 Loan Approval Gross Amount $74,300 Loan Approval from the SBA Of the total $74,300 loan amount, the SBA guaranteed $63,155. 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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great funding source This SBA loan was for $74,300. How would you spend $74,300 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Cresco, Iowa Banks for Small Business Browse All Business Loan Sources for Iowa
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