Corn Farming Loans

Looking for loans for corn farming? Talk to a banker who works with the SBA. This $510,000 corn farming 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 First National Bank, out of Anita, Iowa. The loan was granted and they received $510,000 to help grow their Cumberland, Iowa business.

SBA Loan Borrower

COMPANY TYPE: SOYBEANS
CUMBERLAND, IA 50843

SBA Loan Lender

FIRST NATIONAL BANK
793 MAIN ST
ANITA, IA 50020

This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0116 - Soybeans

NAICS Code

111150 - Corn Farming

Loan Approval Date

3/19/2001

Loan Approval Gross Amount

$510,000

Loan Approval from the SBA

Of the total $510,000 loan amount, the SBA guaranteed $382,500.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank 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:

Equity Financing

SBA Approved Banks in Anita, Iowa

SBA Iowa Lenders