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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cedar Rapids, Business Loans > Family Merchants Bank Cedar Rapids Business Loans > Toilet Preparation Manufacturing Loan | ||||
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I Need Commercial Loans in Cedar Rapids, Iowa
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How to Get a Loan for Toilet Preparation ManufacturingLooking for commercial loans for toilet preparation manufacturing? An SBA loan may be just what you've been looking for. This $223,755 toilet preparation manufacturing loan was issued by an Iowa bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cedar Rapids, Iowa was able to borrow $223,755 from Family Merchants Bank. The SBA made the loan possible by guaranteeing $167,816 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: TOILET PREPARATION MANUFACTURING SBA Loan Lender FAMILY MERCHANTS BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 325620 - Toilet Preparation Manufacturing Loan Approval Date 12/21/2007 Loan Approval Gross Amount $223,755 Loan Approval from the SBA Of the total $223,755 loan amount, the SBA guaranteed $167,816. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan 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:
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