Dog and Cat Food Manufacturing Bank Loans

Looking for bank loans for dog and cat food manufacturing? An SBA loan may be just what you've been looking for. This $50,000 dog and cat food manufacturing loan was issued by an Iowa bank.

Getting a small business loan in Coralville, Iowa was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Trust & Savings Bank, operating out of Coralville, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: DOG AND CAT FOOD MANUFACTURING
CORALVILLE, IA 52241

SBA Loan Lender

FIRST TRUST & SAVINGS BANK
1831 SECOND ST
CORALVILLE, IA 52241

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA 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

311111 - Dog and Cat Food Manufacturing

Loan Approval Date

4/16/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Trust & Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Obtaining Funding - Getting Venture Capital

SBA Banks in Coralville, Iowa

Where to Get an SBA Loan Iowa