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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Full-Service Restaurants Loan | ||||
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Decorah SBA Loans
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Bank Of The West Gives Business Loan to Full-Service Restaurants CompanyBank loans in Iowa are tough to come by these days. We take a look at one Iowa bank loan, provided by an Utah bank, that was approved by the SBA. You can learn something about getting a small business loan in Decorah, Iowa by studying this loan to a local company, made back in 2003. Banks like Bank Of The West may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BANK OF THE WEST SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/12/2003 Loan Approval Gross Amount $196,000 Loan Approval from the SBA Of the total $196,000 loan amount, the SBA guaranteed $147,000. 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 20 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $196,000 loan. Remember, where there is a will, there is a way! 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: SBA Participating Banks in Salt Lake City, Utah
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