Small Business Loans for Textile Product Mills

Looking for small business loans for textile product mills? An SBA loan may be just what you've been looking for. This $90,000 textile product mills loan was issued by an Iowa bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Farmers & Traders Savings Bank, out of Bancroft, Iowa. The loan was granted and they received $90,000 to help grow their Bancroft, Iowa business.

SBA Loan Borrower

COMPANY TYPE: TEXTILE PRODUCT MILLS
BANCROFT, IA 50517

SBA Loan Lender

FARMERS & TRADERS SAVINGS BANK
108 W RAMSEY ST
BANCROFT, IA 50517

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

314999 - Textile Product Mills

Loan Approval Date

2/7/2005

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

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. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

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.

Related Links:

Determining Proper Capital Structure for a Business

Where to Get an SBA Loan in Bancroft, Iowa

Getting an SBA Loan in Iowa