Financing for Drinking Places

Looking for loans for drinking places? The SBA may be the answer. This $376,000 drinking places loan was issued by an Iowa bank.

This small firm knew how to go about getting a business bank loan. Based in Cedar Rapids, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Farmers & Merchants Savings Bk, based in Cedar Rapids, Iowa.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
CEDAR RAPIDS, IA 52402

SBA Loan Lender

FARMERS & MERCHANTS SAVINGS BK
4020 FIRST AVE NE
CEDAR RAPIDS, IA 52402

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

6/29/2007

Loan Approval Gross Amount

$376,000

Loan Approval from the SBA

Of the total $376,000 loan amount, the SBA guaranteed $282,000.

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. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Farmers & Merchants Savings Bk and they will explain how you can get an SBA loan for your company.

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.

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