How to Get a Loan for Advertising Agencies

Looking for SBA loans for advertising agencies? Try the SBA. This $205,000 advertising agencies loan was issued by an Iowa bank.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Iowa Bank, out of Bellevue, Iowa. The loan was granted and they received $205,000 to help grow their Fort Wayne, Indiana business.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING AGENCIES
FORT WAYNE, IN 46845

SBA Loan Lender

IOWA BANK
300 N SECOND ST
BELLEVUE, IA 52031

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

5/24/2007

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Fort Wayne or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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Best Bellevue, Iowa Banks for Small Business

Iowa SBA Bank Lenders