SBA Loan from Iowa Bank Helps Building Material Dealers Company

An SBA loan from Iowa Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bellevue, Iowa business owner got a $100,000 loan.

This business knew how to go about getting a business bank loan. Based in Bellevue, Iowa, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Iowa Bank, based in Bellevue, Iowa.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
BELLEVUE, IA 52031

SBA Loan Lender

IOWA BANK
300 N SECOND ST
BELLEVUE, IA 52031

This 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

444190 - Building Material Dealers

Loan Approval Date

1/26/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised 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 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 $100,000 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:

Famous Venture Capitalists

Find an SBA Lender in Bellevue, Iowa

Getting a Business Loan in Iowa