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December 21, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Rippey, Business Loans > Rippey Bank A Commun Office - Rippey Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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Cooper, Iowa Bank Loan
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Where to Get Capital for Commercial and Industrial Machinery and EquipmentWith these small business loans for commercial and industrial machinery and equipment, the SBA guarantees the lender that the loan will be repaid. This commercial and industrial machinery and equipment loan for $125,000 was given to an Iowa entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cooper, Iowa was able to borrow $125,000 from Rippey Bank A Commun Office -. The SBA made the loan possible by guaranteeing $106,250 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender RIPPEY BANK A COMMUN OFFICE - This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 4/9/2003 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Rippey Bank A Commun Office - had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Rippey Bank A Commun Office - made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - Getting Venture Capital Small Business Banks in Rippey, Iowa Getting a Business Loan in Iowa
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