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December 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cedar Falls, Business Loans > Lincoln Savings Bank Cedar Falls Business Loans > Services Related To Advertising Loan | ||||
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Iowa Small Business Funding
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SBA Loans for Services Related to AdvertisingLooking for SBA loans for services related to advertising? The SBA may be the answer. This $111,800 services related to advertising loan was issued by an Iowa bank. This business knew how to go about getting a business bank loan. Based in Cedar Falls, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Lincoln Savings Bank, based in Cedar Falls, Iowa. SBA Loan Borrower COMPANY TYPE: SERVICES RELATED TO ADVERTISING SBA Loan Lender LINCOLN SAVINGS BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541890 - Services Related to Advertising Loan Approval Date 6/22/2004 Loan Approval Gross Amount $111,800 Loan Approval from the SBA Of the total $111,800 loan amount, the SBA guaranteed $95,030. 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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Lincoln Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Small Bank Loans in Cedar Falls, Iowa
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