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May 17, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Fairfield, Business Loans > First National Bank In Fairfield Fairfield Business Loans > Sawmills Loan | ||||
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First National Bank In Fairfield SBA Loans Mt. Pleasant
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SBA Loan from First National Bank In Fairfield Helps Sawmills CompanyAn SBA loan from First National Bank In Fairfield typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mt. Pleasant, Iowa business owner got a $1,841,731 loan. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First National Bank In Fairfield, out of Fairfield, Iowa. The loan was granted and they received $1,841,731 to help grow their Mt. Pleasant, Iowa business. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender FIRST NATIONAL BANK IN FAIRFIELD This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321113 - Sawmills Loan Approval Date 9/25/2007 Loan Approval Gross Amount $1,841,731 Loan Approval from the SBA Of the total $1,841,731 loan amount, the SBA guaranteed $1,381,298. 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 67 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 60 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Role of Business Plan When Raising Money Who Lends Money to Small Businesses in Fairfield, Iowa
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