First American Bank SBA Loan to Dentists Company
An SBA loan from First American Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ankeny, Iowa business owner got a $355,000 loan.
This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First American Bank, out of Fort Myers, Florida. The loan was granted and they received $355,000 to help grow their Ankeny, Iowa business.
SBA Loan Borrower
COMPANY TYPE: DENTISTS
ANKENY, IA 50021
SBA Loan Lender
FIRST AMERICAN BANK
12730 NEW BRITTANY BLVD
FORT MYERS, FL 33907
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
621210 - Dentists
Loan Approval Date
8/10/2006
Loan Approval Gross Amount
$355,000
Loan Approval from the SBA
Of the total $355,000 loan amount, the SBA guaranteed $266,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 6 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
This SBA loan was for $355,000. How would you spend $355,000 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.
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