Edgewood, Iowa Business Gets SBA-Guaranteed Funding from Community Savings Bank

Community Savings Bank has a track record as a leading provider of SBA loans. Find out how this Iowa entrepreneur received an SBA loan from them.

Getting a small business loan in Edgewood, Iowa was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Community Savings Bank, operating out of Edgewood, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS
EDGEWOOD, IA 52042

SBA Loan Lender

COMMUNITY SAVINGS BANK
101 E UNION ST
EDGEWOOD, IA 52042

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5172 - Petroleum and Petroleum Products

NAICS Code

422720 - Petroleum and Petroleum Products Wholesalers

Loan Approval Date

6/16/2000

Loan Approval Gross Amount

$257,000

Loan Approval from the SBA

Of the total $257,000 loan amount, the SBA guaranteed $192,750.

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 5 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Angel Investors

Small Business Banks in Edgewood, Iowa

Getting a Business Loan in Iowa