Iowa St. Bank & Trust Provides SBA Loan to Buy Play It Again Sports retail Sports Franchise

Need a loan to buy a Play It Again Sports retail Sports franchise? Iowa St. Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Play It Again Sports retail Sports franchise loans are available to Cedar Rapids, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Iowa St. Bank & Trust, based in Iowa City, Iowa, issued an SBA franchise loan for a Play It Again Sports retail Sports franchise in 2006. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

PLAY IT AGAIN SPORTS
CEDAR RAPIDS, IA 52402

SBA Loan Lender

IOWA ST. BANK & TRUST
102 S CLINTON ST
IOWA CITY, IA 52240

This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

451110 - Sporting Goods Stores

Loan Approval Date

4/3/2006

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $110,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Play It Again Sports retail Sports franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 6 existing jobs.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Play It Again Sports

Alternative Financing

SBA Banks in Iowa City, Iowa

Iowa SBA 7A Banks