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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Saint Charles, Business Loans > New Frontier Bank Saint Charles Business Loans > Funeral Homes And Funeral Services Loan | ||||
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Who Lends Money to Clarinda Small Businesses
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Clarinda, Iowa Entrepreneur Gets a Business LoanLooking to get an Iowa bank loan? This Iowa entrepreneur got a bank loan, provided by a Missouri bank that works with the SBA to help small business owners. Getting a small business loan in Clarinda, Iowa was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from New Frontier Bank. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: FUNERAL HOMES AND FUNERAL SERVICES SBA Loan Lender NEW FRONTIER BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 5/31/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 10 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like New Frontier Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 7A Lenders in Saint Charles, Missouri Browse All Business Loan Sources for Missouri
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