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November 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Bettendorf, Business Loans > Quad City Bank & Trust Bettendorf Business Loans > Manufacturing Loan | ||||
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Iowa Small Business Funding
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Manufacturing Business LoansWith these business loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $65,900 was given to an Iowa entrepreneur in 2004. Getting a small business loan in Davenport, Iowa was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Quad City Bank & Trust, operating out of Bettendorf, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender QUAD CITY BANK & TRUST This was a Low Documentation SBA loan. The SBA created this program to minimize 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339999 - Manufacturing Loan Approval Date 8/10/2004 Loan Approval Gross Amount $65,900 Loan Approval from the SBA Of the total $65,900 loan amount, the SBA guaranteed $56,015. 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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Davenport IA, you ought to talk with a local Davenport SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Davenport businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Quad City Bank & Trust 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: Role of Business Plan When Raising Money
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