Clinton, Iowa Business Gets SBA-Guaranteed Funding from Citizens First Bank

An SBA loan from Citizens First Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clinton, Iowa business owner got a $135,000 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Citizens First Bank, out of Clinton, Iowa. The loan was granted and they received $135,000 to help grow their Clinton, Iowa business.

SBA Loan Borrower

COMPANY TYPE: PLATE WORK MANUFACTURING
CLINTON, IA 52732

SBA Loan Lender

CITIZENS FIRST BANK
1442 LINCOLNWAY
CLINTON, IA 52732

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332313 - Plate Work Manufacturing

Loan Approval Date

1/10/2003

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

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:

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Who Lends Money to Small Businesses in Clinton, Iowa

Where to Get an SBA Loan Iowa