Where to Get Capital for Support Services

With these SBA loans for support services, the SBA guarantees the lender that the loan will be repaid. This support services loan for $27,300 was given to an Iowa entrepreneur in 2003.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First National Bank Of Omaha, out of Omaha, Nebraska. The loan was granted and they received $27,300 to help grow their Glenwood, Iowa business.

SBA Loan Borrower

COMPANY TYPE: SUPPORT SERVICES
GLENWOOD, IA 51534

SBA Loan Lender

FIRST NATIONAL BANK OF OMAHA
1620 DODGE ST
OMAHA, NE 68197

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

561990 - Support Services

Loan Approval Date

9/10/2003

Loan Approval Gross Amount

$27,300

Loan Approval from the SBA

Of the total $27,300 loan amount, the SBA guaranteed $23,205.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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