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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Storm Lake, Business Loans > Central Bank Storm Lake Business Loans > Interior Design Services Loan | ||||
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Central Bank Alta
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SBA Loan from Central Bank Helps Interior Design Services CompanyAn SBA loan from Central Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Alta, Iowa business owner got a $268,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Central Bank, out of Storm Lake, Iowa. The loan was granted and they received $268,000 to help grow their Alta, Iowa business. SBA Loan Borrower COMPANY TYPE: INTERIOR DESIGN SERVICES SBA Loan Lender CENTRAL BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541410 - Interior Design Services Loan Approval Date 9/8/2005 Loan Approval Gross Amount $268,000 Loan Approval from the SBA Of the total $268,000 loan amount, the SBA guaranteed $201,000. 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 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you want money for new small business in Alta IA, you ought to talk with a local Alta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Alta businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - Getting Venture Capital Where to Get an SBA Loan in Storm Lake, Iowa
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