Denison, Iowa Business Gets SBA-Guaranteed Funding from United Bank Of Iowa

An SBA loan from United Bank Of Iowa typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Denison, Iowa business owner got a $429,668 loan.

This growing company knew how to go about getting a business bank loan. Based in Denison, Iowa, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was United Bank Of Iowa, based in Ida Grove, Iowa.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES
DENISON, IA 51442

SBA Loan Lender

UNITED BANK OF IOWA
501 2ND ST
IDA GROVE, IA 51445

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans 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

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

5/22/2007

Loan Approval Gross Amount

$429,668

Loan Approval from the SBA

Of the total $429,668 loan amount, the SBA guaranteed $322,251.

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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

This SBA loan was for $429,668. How would you spend $429,668 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.

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