Blairstown, Iowa Lender Lends Money to Farm Supplies Wholesalers Company

Want to talk with a Blairstown, Iowa bank about an SBA loan? Here's one Iowa business loan, issued by a Blairstown bank, that was approved by the SBA.

Applying for an SBA loan with Benton County State Bank worked out well for our friends at one local business in Blairstown, Iowa. They got an SBA loan for $280,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES WHOLESALERS
BLAIRSTOWN, IA 52209

SBA Loan Lender

BENTON COUNTY STATE BANK
212 LOCUST ST NE
BLAIRSTOWN, IA 52209

This lender issued this SBA business loan 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.

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

2/11/2002

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

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 7 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Benton County State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

The Art of Bootstrapping

Small Business Banks in Blairstown, Iowa

Iowa SBA Banks