Small Business Loans for Dental Laboratories

With these small business loans for dental laboratories, the SBA guarantees the lender that the loan will be repaid. This dental laboratories loan for $29,200 was given to an Iowa entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Dodge, Iowa was able to borrow $29,200 from Citizens State Bank. The SBA made the loan possible by guaranteeing $24,820 of this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTAL LABORATORIES
FORT DODGE, IA 50501

SBA Loan Lender

CITIZENS STATE BANK
130 N 29TH ST
FORT DODGE, IA 50501

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339116 - Dental Laboratories

Loan Approval Date

10/9/2002

Loan Approval Gross Amount

$29,200

Loan Approval from the SBA

Of the total $29,200 loan amount, the SBA guaranteed $24,820.

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 only one employee. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

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

If you need business start up money in Fort Dodge IA, you ought to talk with a local Fort Dodge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Dodge businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

The Art of Bootstrapping

SBA 7A Lenders in Fort Dodge, Iowa

SBA Participating Banks in Iowa