Financing for Lawyers

Looking for commercial loans for lawyers? The SBA may be the answer. This $30,000 lawyers loan was issued by an Iowa bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Peoples Savings Bank, out of Indianola, Iowa. The loan was granted and they received $30,000 to help grow their Des Moines, Iowa business.

SBA Loan Borrower

COMPANY TYPE: LAWYERS
DES MOINES, IA 50309

SBA Loan Lender

PEOPLES SAVINGS BANK
400 E IOWA AVE
INDIANOLA, IA 50125

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541110 - Lawyers

Loan Approval Date

8/4/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

How to Raise Money

Where to Get an SBA Loan in Indianola, Iowa

Getting a Business Loan in Iowa