Raising Money for Sporting and Athletic Goods Manufacturing

Looking for business loans for sporting and athletic goods manufacturing? An SBA loan may be just what you've been looking for. This $96,000 sporting and athletic goods manufacturing loan was issued by an Iowa bank.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First State Bank, out of Britt, Iowa. The loan was granted and they received $96,000 to help grow their Clear Lake, Iowa business.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS
CLEAR LAKE, IA 50428

SBA Loan Lender

FIRST STATE BANK
183 MAIN AVE NORTH
BRITT, IA 50423

This lender issued this loan under the SBA's 7A loan, 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.

SIC Code

3949 - Sporting and Athletic Goods

NAICS Code

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

9/18/2000

Loan Approval Gross Amount

$96,000

Loan Approval from the SBA

Of the total $96,000 loan amount, the SBA guaranteed $76,800.

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 10 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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:

Getting a Small Business Loan

Small Business Banks in Britt, Iowa

Iowa SBA 7A Lenders