State Savings Bank SBA Loan to Bowling Centers Company

An SBA loan from State Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Creston, Iowa business owner got a $135,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Creston, Iowa, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was State Savings Bank, based in Creston, Iowa.

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
CRESTON, IA 50801

SBA Loan Lender

STATE SAVINGS BANK
602 SHELDON AVE, STE A
CRESTON, IA 50801

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713950 - Bowling Centers

Loan Approval Date

12/7/2004

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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 State 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.

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