Where to Get Capital for Drinking Places

Looking for SBA loans for drinking places? An SBA loan may be just what you've been looking for. This $25,000 drinking places loan was issued by an Iowa bank.

Getting a small business loan in Dewitt, Iowa was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from De Witt Bank & Trust Co., operating out of De Witt, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
DEWITT, IA 52742

SBA Loan Lender

DE WITT BANK & TRUST CO.
815 6TH AVE
DE WITT, IA 52742

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

11/9/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

The Friends and Family Network

SBA Approved Banks in De Witt, Iowa

SBA Iowa Banks