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November 15, 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 > Limited-Service Restaurants Loan | ||||
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First State Bank, Conrad, Iowa
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Business Loan from First State Bank, Conrad, Iowa Given to Limited-Service Restaurants CompanyFirst State Bank, Conrad, Iowa and the SBA work together to get business loans for growing small businesses. Here's an example of how an Iowa entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Conrad, Iowa was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First State Bank, Conrad, Iowa, operating out of Conrad, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender FIRST STATE BANK, CONRAD, IOWA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 1/5/2007 Loan Approval Gross Amount $13,200 Loan Approval from the SBA Of the total $13,200 loan amount, the SBA guaranteed $6,600. 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 9 employees. The SBA loan application for the borrower indicated that the loan would help retain 9 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First State Bank, Conrad, Iowa that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Small Business Banks in Conrad, Iowa Browse All Business Loan Sources for Iowa
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