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May 9, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Indianola, Business Loans > Community State Bank Indianola Business Loans > Convenience Stores Loan | ||||
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Business Loans for Pleasantville Businesses
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Convenience Stores SBA LoansWith these SBA loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $63,750 was given to an Iowa entrepreneur in 2007. This business knew how to go about getting a business bank loan. Based in Pleasantville, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Community State Bank, based in Indianola, Iowa. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender COMMUNITY STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 8/13/2007 Loan Approval Gross Amount $63,750 Loan Approval from the SBA Of the total $63,750 loan amount, the SBA guaranteed $54,187. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? 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: Obtaining Funding - Friends and Family
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