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December 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Ankeny, Business Loans > Community St. Bank Ankeny Business Loans > Wood Partitions And Fixtures Loan | ||||
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Community St. Bank Small Business
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Community St. Bank SBA Loan to Wood Partitions And Fixtures CompanyAn SBA loan from Community St. 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 $347,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Community St. Bank, out of Ankeny, Iowa. The loan was granted and they received $347,000 to help grow their Ankeny, Iowa business. SBA Loan Borrower COMPANY TYPE: WOOD PARTITIONS AND FIXTURES SBA Loan Lender COMMUNITY ST. BANK This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2541 - Wood Partitions and Fixtures NAICS Code 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 2/14/2000 Loan Approval Gross Amount $347,000 Loan Approval from the SBA Of the total $347,000 loan amount, the SBA guaranteed $260,250. 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 10 employees. The SBA loan documents did not indicate that the business 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? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $347,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Advice on Getting a Small Business Loan
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