SBA Loans for Textile Product Mills

Looking for SBA loans for textile product mills? An SBA loan may be just what you've been looking for. This $48,000 textile product mills loan was issued by an Iowa bank.

This business knew how to go about getting a business bank loan. Based in Glenwood, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Guthrie County State Bank, based in Guthrie Center, Iowa.

SBA Loan Borrower

COMPANY TYPE: TEXTILE PRODUCT MILLS
GLENWOOD, IA 50216

SBA Loan Lender

GUTHRIE COUNTY STATE BANK
400 STATE ST
GUTHRIE CENTER, IA 50115

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

314999 - Textile Product Mills

Loan Approval Date

4/8/2004

Loan Approval Gross Amount

$48,000

Loan Approval from the SBA

Of the total $48,000 loan amount, the SBA guaranteed $40,800.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Guthrie County State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Determining Proper Capital Structure for a Business

Banks in Guthrie Center, Iowa

Iowa SBA Bank Lenders