Financing for Janitorial Services

With these loans for janitorial services, the SBA guarantees the lender that the loan will be repaid. This janitorial services loan for $30,000 was given to an Iowa entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Alburnett, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Guaranty Bank And Trust Co., based in Cedar Rapids, Iowa.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
ALBURNETT, IA 52202

SBA Loan Lender

GUARANTY BANK AND TRUST CO.
302 3RD AVE SE
CEDAR RAPIDS, IA 52401

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

5/24/2006

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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 25 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 30 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $30,000. How would you spend $30,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Debt Financing

Banks in Cedar Rapids, Iowa

SBA Participating Banks in Iowa