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December 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Chariton, Business Loans > Great Western Bank Chariton Business Loans > Farm And Garden Machinery And Equipment Loan | ||||
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Iowa Bank SBA Loans
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Great Western Bank SBA Loan to Farm And Garden Machinery And Equipment CompanySearching for an Iowa business loan? Here's one Iowa business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Chariton, Iowa, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Great Western Bank, based in Chariton, Iowa. SBA Loan Borrower COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT SBA Loan Lender GREAT WESTERN BANK This loan for a small business 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. SIC Code 5083 - Farm and Garden Machinery and Equipment Loan Approval Date 6/21/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $75,000. 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 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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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