Business Loans for Vending Machine Operators

Looking for business loans for vending machine operators? Talk to a banker who works with the SBA. This $456,000 vending machine operators loan was issued by an Iowa bank.

Getting a small business loan in Clinton, Iowa was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Gateway State Bank, operating out of Clinton, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
CLINTON, IA 52732

SBA Loan Lender

GATEWAY STATE BANK
1427 N 2ND ST
CLINTON, IA 52732

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

11/30/2004

Loan Approval Gross Amount

$456,000

Loan Approval from the SBA

Of the total $456,000 loan amount, the SBA guaranteed $342,000.

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 11 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Clinton IA, you ought to talk with a local Clinton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clinton businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Gateway State 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:

How Equity Dilution Works

Small Bank Loans in Clinton, Iowa

Where to Get an SBA Loan Iowa