Financing for Farm Management Services

With these loans for farm management services, the SBA guarantees the lender that the loan will be repaid. This farm management services loan for $500,000 was given to an Iowa entrepreneur in 2002.

Getting a small business loan in Epworth, Iowa was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from New Vienna Savings Bank, operating out of New Vienna, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: FARM MANAGEMENT SERVICES
EPWORTH, IA 52045

SBA Loan Lender

NEW VIENNA SAVINGS BANK
7274 COLUMBUS ST
NEW VIENNA, IA 52065

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

115116 - Farm Management Services

Loan Approval Date

12/20/2002

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 5 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

How to Raise Money

Banks in New Vienna, Iowa

Iowa SBA 7A Lenders