Cherokee, Iowa Lender Lends Money to Building Material Dealers Company

Get SBA loans from a Cherokee, Iowa bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Central Bank is a Cherokee, Iowa small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Iowa company.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
CHEROKEE, IA 51012

SBA Loan Lender

CENTRAL BANK
401 W MAIN ST
CHEROKEE, IA 51012

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

6/30/2003

Loan Approval Gross Amount

$260,400

Loan Approval from the SBA

Of the total $260,400 loan amount, the SBA guaranteed $195,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

SBIR Funding

Best Banks in Cherokee, Iowa

Getting an SBA Loan in Iowa