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December 21, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Elgin, Business Loans > Elgin State Bank Elgin Business Loans > Postharvest Crop Activities Loan | ||||
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SBA Lender Elgin, Iowa
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Elgin, Iowa Lender Lends Money to Postharvest Crop Activities CompanyAn Elgin, Iowa SBA loan can be yours. Learn how one firm got a $500,000 business loan from this Iowa bank. This loan to a local firm is a good example of an SBA loan. Elgin State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: POSTHARVEST CROP ACTIVITIES SBA Loan Lender ELGIN STATE BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 115114 - Postharvest Crop Activities Loan Approval Date 9/26/2006 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $450,000. 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 6 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! If you need money to start business in Clermont IA, you ought to talk with a local Clermont SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clermont businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $500,000 loan. Remember, if it to be, it is up to me! 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: Find an SBA Lender in Elgin, Iowa
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