SBA Loan from Tri-County Bank & Trust Helps Appliance Repair And Maintenance Company

Tri-County Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Iowa entrepreneur received an SBA loan from them.

Getting a small business loan in Center Point, Iowa was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Tri-County Bank & Trust, operating out of Monticello, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: APPLIANCE REPAIR AND MAINTENANCE
CENTER POINT, IA 52213

SBA Loan Lender

TRI-COUNTY BANK & TRUST
307 S MAIN ST
MONTICELLO, IA 52310

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811412 - Appliance Repair and Maintenance

Loan Approval Date

7/5/2005

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Center Point IA, you ought to talk with a local Center Point SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Center Point businesses.

We can help you find the best banks for small businesses in Center Point or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - Friends and Family

Find an SBA Lender in Monticello, Iowa

Getting an SBA Loan in Iowa