Financing for Industrial Machinery and Equipment Wholesalers

Looking for commercial loans for industrial machinery and equipment wholesalers? The SBA may be the answer. This $600,000 industrial machinery and equipment wholesalers loan was issued by an Iowa bank.

Getting a small business loan in Des Moines, Iowa was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Freedom Financial Bank, operating out of West Des Moines, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT WHOLESALERS
DES MOINES, IA 50322

SBA Loan Lender

FREEDOM FINANCIAL BANK
1255 JORDAN CREEK PKWY
WEST DES MOINES, IA 50266

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421830 - Industrial Machinery and Equipment Wholesalers

Loan Approval Date

1/25/2002

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 14 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

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:

Alternative Financing

Banks in West Des Moines, Iowa

Iowa SBA Banks