Blairstown, Iowa Bank Lends Money to Farm Supplies Wholesalers Company in Blairstown, Iowa

Get to know Blairstown, Iowa banks that specialize in business loans and know how to work with entrepreneurs. Benton County State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Blairstown, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Benton County State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

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

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

2/25/2003

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

We can help you find the best banks for small businesses in Blairstown or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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