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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Estherville, Business Loans > Emmet County State Bank Estherville Business Loans > Sporting Goods Stores Loan | ||||
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How to Get an SBA Loan in Estherville, Iowa
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Iowa Small Business Loan Issued to Sporting Goods Stores CompanyIowaSmall business loans are available to Iowa small business owners through the SBA. In this case, an Iowa bank provides the loan. Getting a small business loan in Estherville, Iowa was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Emmet County State Bank. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING GOODS STORES SBA Loan Lender EMMET COUNTY STATE BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451110 - Sporting Goods Stores Loan Approval Date 12/4/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Who Lends Money to Small Businesses in Estherville, Iowa Browse All Business Loan Sources for Iowa
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