West Des Moines, Iowa Bank Gives SBA Loan to Database And Directory Publishers Company

A West Des Moines, Iowa business loan can be yours. Learn how a business got a $630,400 business loan from this Iowa bank.

This loan to an entrepreneur is a good example of an SBA loan. First Bank made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: DATABASE AND DIRECTORY PUBLISHERS
DE SOTO, IA 50069

SBA Loan Lender

FIRST BANK
5625 MILLS CIVIC PKWY
WEST DES MOINES, IA 50266

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

511140 - Database and Directory Publishers

Loan Approval Date

11/7/2003

Loan Approval Gross Amount

$630,400

Loan Approval from the SBA

Of the total $630,400 loan amount, the SBA guaranteed $472,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 24 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in De Soto IA, you ought to talk with a local De Soto SBA lender or talk with an out-of-area SBA lender that has previously loaned money to De Soto businesses.

This SBA loan was for $630,400. How would you spend $630,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Determining Proper Capital Structure for a Business

SBA 7A Banks for West Des Moines, Iowa Loans

SBA Iowa Banks