Meat and Meat Product Merchant Wholesalers Bank Loans
Looking for bank loans for meat and meat product merchant wholesalers? Talk to a banker who works with the SBA. This $120,000 meat and meat product merchant wholesalers loan was issued by an Iowa bank.
This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with West Bank, out of West Des Moines, Iowa. The loan was granted and they received $120,000 to help grow their West Des Moines, Iowa business.
SBA Loan Borrower
COMPANY TYPE: MEAT AND MEAT PRODUCT MERCHANT WHOLESALERS
WEST DES MOINES, IA 50265
SBA Loan Lender
WEST BANK
1601 22ND ST
WEST DES MOINES, IA 50266
This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
424470 - Meat and Meat Product Merchant Wholesalers
Loan Approval Date
5/27/2004
Loan Approval Gross Amount
$120,000
Loan Approval from the SBA
Of the total $120,000 loan amount, the SBA guaranteed $102,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like West Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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.
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