Entrepreneur Works With Fort Dodge, Iowa Bank to Get an SBA Loan
Find Fort Dodge, Iowa banks that specialize in SBA loans and know how to work with entrepreneurs. First American Bank is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Ankeny, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from First American Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: WASTE MANAGEMENT SERVICES
ANKENY, IA 50023
SBA Loan Lender
FIRST AMERICAN BANK
1207 CENTRAL AVE
FORT DODGE, IA 50501
This bank 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
562998 - Waste Management Services
Loan Approval Date
1/11/2008
Loan Approval Gross Amount
$368,500
Loan Approval from the SBA
Of the total $368,500 loan amount, the SBA guaranteed $276,375.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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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