Cedar Falls, IA Entrepreneur Gets SBA Loan to Buy Medicap Pharmacy Franchise

Need a loan to purchase a Medicap Pharmacy franchise? First National Bank has a history of making these loans and they are guaranteed by the SBA.

Medicap Pharmacy franchise loans are available to Cedar Falls, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank, based in Cedar Falls, Iowa, issued an SBA franchise loan for a Medicap Pharmacy franchise in 2000. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

MEDICAP PHARMACY #259
CEDAR FALLS, IA 50613

SBA Loan Lender

FIRST NATIONAL BANK
2421 WHITETAIL DR
CEDAR FALLS, IA 50613

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8099 - Health and Allied Services

Loan Approval Date

9/14/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Medicap Pharmacy franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels 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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Medicap Pharmacies, Inc.

A Company That Helps Entrepreneurs

SBA Banks in Cedar Falls, Iowa

Iowa SBA 7A Lenders