Eldridge, Iowa Business Gets SBA-Guaranteed Funding from Northwest Bank & Trust Company

An SBA loan from Northwest Bank & Trust Company typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Eldridge, Iowa business owner got a $51,000 loan.

Getting a small business loan in Eldridge, Iowa was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Northwest Bank & Trust Company, operating out of Davenport, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER SUPPLY AND IRRIGATION SYSTEMS
ELDRIDGE, IA 52748

SBA Loan Lender

NORTHWEST BANK & TRUST COMPANY
100 E KIMBERLY
DAVENPORT, IA 52806

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

221310 - Water Supply and Irrigation Systems

Loan Approval Date

3/7/2001

Loan Approval Gross Amount

$51,000

Loan Approval from the SBA

Of the total $51,000 loan amount, the SBA guaranteed $43,350.

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 2 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find other ways to get money to start a business, 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:

Debt Financing

Small Business Banks in Davenport, Iowa

Where to Get an SBA Loan Iowa