Entrepreneur Works With Akron, Iowa Bank to Get an SBA Loan

Want to talk with an Akron, Iowa bank about an SBA loan? Here's one Iowa business loan, issued by an Akron bank, that was approved by the SBA.

Applying for an SBA loan with 1st National Bank - Akron worked out well for our friends at one local firm in Akron, Iowa. They received an SBA loan for $20,000. Nice!

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
AKRON, IA 51001

SBA Loan Lender

1ST NATIONAL BANK - AKRON
251 REED ST
AKRON, IA 51001

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

8/21/2003

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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