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January 22, 2025 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cedar Rapids, Business Loans > Collins Community Cu Cedar Rapids Business Loans > Roofing, Siding, And Sheet Metal Contractors Loan | ||||
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Iowa Bank SBA Loans
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Cedar Rapids, Iowa Bank Lends Money to Roofing, Siding, And Sheet Metal Contractors Company in Cedar Rapids, IowaWant to talk with a Cedar Rapids, Iowa bank about an SBA loan? Here's one Iowa business loan, issued by a Cedar Rapids bank, that was approved by the SBA. Applying for an SBA loan with Collins Community Cu worked out well for our friends at one local business in Cedar Rapids, Iowa. The business was able to get an SBA loan for $50,000. Way to go! SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS SBA Loan Lender COLLINS COMMUNITY CU 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 235610 - Roofing, Siding, and Sheet Metal Contractors Loan Approval Date 2/13/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Participating Banks in Cedar Rapids, Iowa
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