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May 12, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Knoxville, Business Loans > Iowa State Savings Bank Knoxville Business Loans > Toy And Hobby Goods And Supplies Wholesalers Loan | ||||
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Knoxville, Iowa SBA Lenders
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Knoxville, Iowa Bank Lends Money to Toy And Hobby Goods And Supplies Wholesalers Company in Pleasantville, IowaA Knoxville, Iowa SBA loan can be yours. Learn how one firm got a $60,000 business loan from this Iowa bank. This loan to a local firm is a good example of an SBA loan. Iowa State Savings Bank made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: TOY AND HOBBY GOODS AND SUPPLIES WHOLESALERS SBA Loan Lender IOWA STATE SAVINGS 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 421920 - Toy and Hobby Goods and Supplies Wholesalers Loan Approval Date 3/17/2003 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 2 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $60,000 loan. Remember, anyone can do it... so why not 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 - How to Decide How Much to Raise Find an SBA Lender in Knoxville, Iowa Getting a Business Loan in Iowa
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