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May 9, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Hogs Loan | ||||
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We Needed an SBA 7A Loan in Titonka, Iowa and We Got One!
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Get an SBA Loan for Hog and Pig FarmingWith these loans for hog and pig farming, the SBA guarantees the lender that the loan will be repaid. This hog and pig farming loan for $630,500 was given to an Iowa entrepreneur in 2001. This company knew how to go about getting a business bank loan. Based in Titonka, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Bank Of The West, based in Salt Lake City, Utah. SBA Loan Borrower COMPANY TYPE: HOGS SBA Loan Lender BANK OF THE WEST This 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. SIC Code 0213 - Hogs NAICS Code 112210 - Hog and Pig Farming Loan Approval Date 1/29/2001 Loan Approval Gross Amount $630,500 Loan Approval from the SBA Of the total $630,500 loan amount, the SBA guaranteed $472,875. 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 company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: Best Salt Lake City, Utah Banks for Small Business Browse All Business Loan Sources for Utah
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