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May 9, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Hills, Business Loans > Hills Bank And Trust Company Hills Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Iowa SBA Banks
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Hills, Iowa Bank Lends Money to Fitness And Recreational Sports Centers Company in Solon, IowaWant to talk with a Hills, Iowa bank about an SBA loan? Here's one Iowa business loan, issued by a Hills bank, that was approved by the SBA. Applying for an SBA loan with Hills Bank And Trust Company worked out well for our friends at one local business in Solon, Iowa. The business was able to get an SBA loan for $31,500. Sweet! SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender HILLS BANK AND TRUST COMPANY The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 9/10/2007 Loan Approval Gross Amount $31,500 Loan Approval from the SBA Of the total $31,500 loan amount, the SBA guaranteed $15,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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