West Des Moines, Iowa Lender Lends Money to Commercial Screen Printing Company

Want to talk with a West Des Moines, Iowa bank about a small business loan? Here's one Iowa business loan, issued by a West Des Moines bank, that was approved by the SBA.

Applying for an SBA loan with First Bank worked out well for our friends at one local firm in Clive, Iowa. They got an SBA loan for $130,500. Sweet!

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL SCREEN PRINTING
CLIVE, IA 50325

SBA Loan Lender

FIRST BANK
301 5TH ST
WEST DES MOINES, IA 50265

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323113 - Commercial Screen Printing

Loan Approval Date

10/21/2003

Loan Approval Gross Amount

$130,500

Loan Approval from the SBA

Of the total $130,500 loan amount, the SBA guaranteed $110,925.

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 application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Clive IA, you ought to talk with a local Clive SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clive businesses.

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:

Business Credit Evaluation

Small Business Banks in West Des Moines, Iowa

SBA Participating Banks in Iowa