West Des Moines, Iowa Business Gets SBA-Guaranteed Funding from Freedom Financial Bank

An SBA loan from Freedom Financial Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a West Des Moines, Iowa business owner got a $72,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Des Moines, Iowa was able to borrow $72,000 from Freedom Financial Bank. The SBA made the loan possible by guaranteeing $61,200 of this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S CLOTHING STORES
WEST DES MOINES, IA 50266

SBA Loan Lender

FREEDOM FINANCIAL BANK
1255 JORDAN CREEK PKWY
WEST DES MOINES, IA 50266

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

2/18/2004

Loan Approval Gross Amount

$72,000

Loan Approval from the SBA

Of the total $72,000 loan amount, the SBA guaranteed $61,200.

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 10 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in West Des Moines or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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Who Lends Money to Small Businesses in West Des Moines, Iowa

Iowa SBA Banks