Financing for Drinking Places

Looking for loans for drinking places? Try the SBA. This $30,000 drinking places loan was issued by an Iowa bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Liberty Bank, Fsb, out of Coralville, Iowa. The loan was granted and they received $30,000 to help grow their Clive, Iowa business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
CLIVE, IA 50325

SBA Loan Lender

LIBERTY BANK, FSB
119 2ND ST, STE 100
CORALVILLE, IA 52241

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

2/8/2007

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $22,500.

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 30 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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