Entrepreneur Works With Bettendorf, Iowa Bank to Get an SBA Loan
Get small business loans from a Bettendorf, Iowa bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
Quad City Bank & Trust is a Bettendorf, Iowa small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Iowa company.
SBA Loan Borrower
COMPANY TYPE: GENERAL RENTAL CENTERS
DAVENPORT, IA 52806
SBA Loan Lender
QUAD CITY BANK & TRUST
2118 MIDDLE RD
BETTENDORF, IA 52722
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
532310 - General Rental Centers
Loan Approval Date
12/31/2003
Loan Approval Gross Amount
$975,000
Loan Approval from the SBA
Of the total $975,000 loan amount, the SBA guaranteed $731,250.
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 14 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Quad City Bank & Trust 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.
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