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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Adair, Business Loans > Exchange State Bank Adair Business Loans > Activities Related To Real Estate Loan | ||||
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Adair Lenders
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Adair, Iowa Bank Gives SBA Loan to Activities Related To Real Estate CompanyFind Adair, Iowa banks that specialize in business loans and know how to work with entrepreneurs. Exchange State Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Granger, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Exchange State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: ACTIVITIES RELATED TO REAL ESTATE SBA Loan Lender EXCHANGE STATE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 531390 - Activities Related to Real Estate Loan Approval Date 4/21/2006 Loan Approval Gross Amount $217,200 Loan Approval from the SBA Of the total $217,200 loan amount, the SBA guaranteed $108,600. 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 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Exchange State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Exchange State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Friends and Family Network
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