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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Britt, Business Loans > Farmers Trust & Savings Bank Britt Business Loans > Bowling Centers Loan | ||||
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Farmers Trust & Savings Bank
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SBA Loan from Farmers Trust & Savings Bank Helps Bowling Centers CompanyFarmers Trust & Savings Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Iowa entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Britt, Iowa was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Farmers Trust & Savings Bank, operating out of Britt, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: BOWLING CENTERS SBA Loan Lender FARMERS TRUST & SAVINGS BANK This lender issued this particular bank 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. SIC Code 7933 - Bowling Centers NAICS Code 713950 - Bowling Centers Loan Approval Date 7/18/2000 Loan Approval Gross Amount $60,704 Loan Approval from the SBA Of the total $60,704 loan amount, the SBA guaranteed $48,563. 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 only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA 7A Banks for Britt, Iowa Loans
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