Iowa Entrepreneur Secures Financing to Buy Actional International Franchise

Borrowing money to purchase an Actional International franchise? Quad City Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Actional International franchise loans are available to Cedar Rapids, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Quad City Bank & Trust, based in Davenport, Iowa, issued an SBA franchise loan for an Actional International franchise in 2002. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

HEARTLAND BUSINESS COACHING
CEDAR RAPIDS, IA 52402

SBA Loan Lender

QUAD CITY BANK & TRUST
4500 N BRADY ST
DAVENPORT, IA 52806

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.

NAICS Code

541612 - Human Resources Consulting Services

Loan Approval Date

2/20/2002

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Actional International franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

We can help you find the best banks for small businesses in Cedar Rapids or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Startup Funding Tip

Small Bank Loans in Davenport, Iowa

SBA Lenders in Iowa