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December 21, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Dyersville, Business Loans > Fidelity Bank & Trust Dyersville Business Loans > Nondurable Goods Loan | ||||
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Fidelity Bank & Trust
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Business Loan from Fidelity Bank & Trust Given to Nondurable Goods CompanyFidelity Bank & Trust is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Iowa entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Dyersville, Iowa, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Fidelity Bank & Trust, based in Dyersville, Iowa. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS SBA Loan Lender FIDELITY BANK & TRUST 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. SIC Code 5199 - Nondurable Goods Loan Approval Date 2/25/2000 Loan Approval Gross Amount $220,000 Loan Approval from the SBA Of the total $220,000 loan amount, the SBA guaranteed $165,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request 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 The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $220,000 loan. Remember, things become real when you believe you can achieve them! 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: Best Banks for Small Business in Dyersville, Iowa
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