Raising Money for Home Health Care Services

With these business loans for home health care services, the SBA guarantees the lender that the loan will be repaid. This home health care services loan for $447,000 was given to an Iowa entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cedar Rapids, Iowa was able to borrow $447,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $317,370 of this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
CEDAR RAPIDS, IA 52403

SBA Loan Lender

WELLS FARGO BANK
101 3RD AVE SW
CEDAR RAPIDS, IA 52404

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

10/12/2000

Loan Approval Gross Amount

$447,000

Loan Approval from the SBA

Of the total $447,000 loan amount, the SBA guaranteed $317,370.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 115 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wells Fargo Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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