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November 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Massena, Business Loans > Union National Bank Massena Business Loans > Roofing, Siding, And Sheet Metal Contractors Loan | ||||
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How to Get SBA Loans in Creston, Iowa
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Roofing, Siding, and Sheet Metal Contractors LoansLooking for loans for roofing, siding, and sheet metal contractors? The SBA may be the answer. This $40,000 roofing, siding, and sheet metal contractors loan was issued by an Iowa bank. This company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Union National Bank, out of Massena, Iowa. The loan was granted and they received $40,000 to help grow their Creston, Iowa business. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS SBA Loan Lender UNION NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring 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 235610 - Roofing, Siding, and Sheet Metal Contractors Loan Approval Date 1/30/2001 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Union National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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:
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