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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cedar Rapids, Business Loans > Bankers Trust Cedar Rapids Business Loans > Certified Public Accountants Loan | ||||
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SBA Lenders in Iowa
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Cedar Rapids, Iowa Business Gets SBA-Guaranteed Funding from Bankers TrustAn SBA loan from Bankers Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cedar Rapids, Iowa business owner got a $330,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cedar Rapids, Iowa was able to borrow $330,000 from Bankers Trust. The SBA made the loan possible by guaranteeing $165,000 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: CERTIFIED PUBLIC ACCOUNTANTS SBA Loan Lender BANKERS TRUST This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541211 - Certified Public Accountants Loan Approval Date 12/15/2006 Loan Approval Gross Amount $330,000 Loan Approval from the SBA Of the total $330,000 loan amount, the SBA guaranteed $165,000. More Information on This SBA Loan The borrower borrowed this money for a new 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. This SBA loan request indicated that the loan would help retain 10 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bankers Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Participating Banks in Cedar Rapids, Iowa
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