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May 13, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Neola, Business Loans > Farmers & Merchants State Bank Neola Business Loans > Meat Processed From Carcasses Loan | ||||
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Small Business Banks in Iowa
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Small Business Loans for Meat Processed from CarcassesLooking for small business loans for meat processed from carcasses? An SBA loan may be just what you've been looking for. This $111,300 meat processed from carcasses loan was issued by an Iowa bank. Getting a small business loan in Minden, Iowa was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Farmers & Merchants State Bank, operating out of Neola, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: MEAT PROCESSED FROM CARCASSES SBA Loan Lender FARMERS & MERCHANTS STATE 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 311612 - Meat Processed from Carcasses Loan Approval Date 11/19/2002 Loan Approval Gross Amount $111,300 Loan Approval from the SBA Of the total $111,300 loan amount, the SBA guaranteed $94,605. 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 8 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: SBA Approved Banks in Neola, Iowa
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