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May 18, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Decorah, Business Loans > Decorah Bank & Trust Company Decorah Business Loans > Home Furnishings Stores Loan | ||||
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New Hampton, Iowa Bank for SBA Loans
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Home Furnishings Stores Small Business LoansLooking for small business loans for home furnishings stores? Try the SBA. This $70,000 home furnishings stores loan was issued by an Iowa bank. Getting a small business loan in New Hampton, Iowa was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Decorah Bank & Trust Company, operating out of Decorah, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender DECORAH BANK & TRUST COMPANY 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 442299 - Home Furnishings Stores Loan Approval Date 10/23/2003 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $59,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Lenders in Decorah, Iowa
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