Small Business Loans for General Long-Distance Freight Trucking

Looking for small business loans for general long-distance freight trucking? Talk to a banker who works with the SBA. This $250,000 general long-distance freight trucking loan was issued by an Iowa bank.

Getting a small business loan in Elberon, Iowa was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Best Of Iowa Community Cu, operating out of Hiawatha, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
ELBERON, IA 52225

SBA Loan Lender

BEST OF IOWA COMMUNITY CU
405 S BLAIRSFERRY CROSSING
HIAWATHA, IA 52233

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started 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.

NAICS Code

484121 - General Long-Distance Freight Trucking

Loan Approval Date

4/12/2007

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Elberon IA, you ought to talk with a local Elberon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Elberon businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Best Of Iowa Community Cu and they will explain how you can get an SBA loan for your company.

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.

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