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December 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Akron, Business Loans > 1st National Bank - Akron Akron Business Loans > Chiropractors Loan | ||||
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1st National Bank - Akron
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Akron, Iowa Business Gets SBA-Guaranteed Funding from 1st National Bank - AkronAn SBA loan from 1st National Bank - Akron typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Akron, Iowa business owner got a $26,000 loan. This business knew how to go about getting a business bank loan. Based in Akron, Iowa, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was 1st National Bank - Akron, based in Akron, Iowa. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender 1ST NATIONAL BANK - AKRON This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Chiropractors Loan Approval Date 10/29/2003 Loan Approval Gross Amount $26,000 Loan Approval from the SBA Of the total $26,000 loan amount, the SBA guaranteed $22,100. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st National Bank - Akron and they will explain how you can get an SBA loan for your company. 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: SBA 7A Banks for Akron, Iowa Loans
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