Business Loans for Home Centers

With these business loans for home centers, the SBA guarantees the lender that the loan will be repaid. This home centers loan for $559,000 was given to an Iowa entrepreneur in 2007.

Getting a small business loan in Dubuque, Iowa was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from East Dubuque Savings Bank, operating out of Dubuque, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME CENTERS
DUBUQUE, IA 52003

SBA Loan Lender

EAST DUBUQUE SAVINGS BANK
3999 PENNSYLVANIA AVE
DUBUQUE, IA 52002

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

444110 - Home Centers

Loan Approval Date

3/21/2007

Loan Approval Gross Amount

$559,000

Loan Approval from the SBA

Of the total $559,000 loan amount, the SBA guaranteed $419,250.

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 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into East Dubuque Savings Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Business Incubators

Find an SBA Lender in Dubuque, Iowa

Find an SBA Lender in Iowa