Emmetsburg, Iowa Lender Lends Money to Retail Bakeries Company

Thinking about meeting with an Emmetsburg, Iowa bank about a business loan? Here's one Iowa business loan, issued by an Emmetsburg bank, that was approved by the SBA.

Applying for an SBA loan with Iowa Trust & Savings Bank worked out well for our friends at one local firm in Emmetsburg, Iowa. They received an SBA loan for $145,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
EMMETSBURG, IA 50536

SBA Loan Lender

IOWA TRUST & SAVINGS BANK
2101 10TH ST
EMMETSBURG, IA 50536

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

2/2/2005

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Iowa Trust & 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:

Find Start-Up Capital

Where to Get an SBA Loan in Emmetsburg, Iowa

Iowa SBA 7A Lenders