Iowa Business Loan Issued to Air-Conditioning, Refrigeration And Heating Company
IowaSmall business loans are available to Iowa small business owners through the SBA. In this case, an Iowa bank provides the loan.
Getting a small business loan in Breda, Iowa was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Carroll County State Bank. Here are the details on this Iowa small business loan.
SBA Loan Borrower
COMPANY TYPE: AIR-CONDITIONING, REFRIGERATION AND HEATING
BREDA, IA 51436
SBA Loan Lender
CARROLL COUNTY STATE BANK
126 W 6TH ST
CARROLL, IA 51401
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3585 - Air-Conditioning, Refrigeration and Heating
Loan Approval Date
6/22/2000
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $60,000.
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 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.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
We can help you find the best banks for small businesses in Breda 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.
Related Links:
Realistic Debt Financing Options
SBA Approved Banks in Carroll, Iowa
Iowa SBA Bank Lenders