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November 15, 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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Elgin, Iowa Bank for SBA Loans
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Elgin, Iowa Bank Lends Money to Postharvest Crop Activities Company in Clermont, IowaAn Elgin, Iowa SBA loan can be yours. Learn how a business got a $500,000 business loan from this Iowa bank. This loan to an entrepreneur 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 As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 115114 - Postharvest Crop Activities Loan Approval Date 9/19/2007 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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA Participating Banks in Elgin, Iowa
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