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December 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Independence, Business Loans > Bankiowa Independence Business Loans > Mining Machinery And Equipment Manufacturing Loan | ||||
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SBA Lender Cedar Rapids Iowa
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Cedar Rapids, Iowa Entrepreneur Gets a Business LoanWould an Iowa SBA loan help your business get to the next level? If so, you may want to talk with this Iowa bank, which offers SBA loans to Iowa entrepreneurs. Getting a small business loan in Cedar Rapids, Iowa was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bankiowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: MINING MACHINERY AND EQUIPMENT MANUFACTURING SBA Loan Lender BANKIOWA 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 333131 - Mining Machinery and Equipment Manufacturing Loan Approval Date 5/31/2002 Loan Approval Gross Amount $635,000 Loan Approval from the SBA Of the total $635,000 loan amount, the SBA guaranteed $375,050. 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 34 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $635,000. How would you spend $635,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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