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December 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Conrad, Business Loans > First State Bank, Conrad, Iowa Conrad Business Loans > Full-Service Restaurants Loan | ||||
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Conrad Lenders
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Conrad, Iowa Lender Lends Money to Full-Service Restaurants CompanyThinking about meeting with a Conrad, Iowa bank about a business loan? Here's one Iowa business loan, issued by a Conrad bank, that was approved by the SBA. Applying for an SBA loan with First State Bank, Conrad, Iowa worked out well for our friends at one local firm in Conrad, Iowa. They got an SBA loan for $95,000. Great job! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender FIRST STATE BANK, CONRAD, IOWA This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/18/2004 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 4 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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: A Company That Helps Entrepreneurs SBA 7A Banks for Conrad, Iowa Loans
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