Get an SBA Loan for Animal Food Manufacturing

Looking for bank loans for animal food manufacturing? Try the SBA. This $100,000 animal food manufacturing loan was issued by an Iowa bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Lincoln Savings Bank, out of Waterloo, Iowa. The loan was granted and they received $100,000 to help grow their Cedar Falls, Iowa business.

SBA Loan Borrower

COMPANY TYPE: ANIMAL FOOD MANUFACTURING
CEDAR FALLS, IA 50613

SBA Loan Lender

LINCOLN SAVINGS BANK
242 TOWER PARK DR
WATERLOO, IA 50701

This business 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

311119 - Animal Food Manufacturing

Loan Approval Date

3/3/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $75,000.

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 8 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Lincoln Savings Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 Friends and Family Network

Small Business Banks in Waterloo, Iowa

SBA Lenders in Iowa