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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Estherville, Business Loans > Bank Plus Estherville Business Loans > Personal Services Loan | ||||
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SBA Lender Estherville, Iowa
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SBA Loan from Bank Plus Helps Personal Services CompanyAn SBA loan from Bank Plus typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Estherville, Iowa business owner got a $55,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Estherville, Iowa was able to borrow $55,000 from Bank Plus. The SBA made the loan possible by guaranteeing $46,750 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender BANK PLUS This lender issued this particular loan 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. SIC Code 7299 - Personal Services NAICS Code 812199 - Personal Care Services Loan Approval Date 4/18/2001 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. 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 3 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Plus and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Banks for Estherville, Iowa Loans
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