Entrepreneur Works With West Des Moines, Iowa Bank to Get an SBA Loan
Get to know West Des Moines, Iowa banks that specialize in SBA loans and know how to work with entrepreneurs. Vantus Bank is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Des Moines, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Vantus Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
DES MOINES, IA 50322
SBA Loan Lender
VANTUS BANK
3900 WESTOWN PKWY
WEST DES MOINES, IA 50266
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
1/12/2006
Loan Approval Gross Amount
$223,000
Loan Approval from the SBA
Of the total $223,000 loan amount, the SBA guaranteed $167,250.
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 19 employees. The SBA loan documents did not indicate that the business promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Borrowing Money from Friends and Family
Where to Get an SBA Loan in West Des Moines, Iowa
Getting an SBA Loan in Iowa