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December 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Cedar Falls, Business Loans > Lincoln Savings Bank Cedar Falls Business Loans > Bowling Centers Loan | ||||
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What Does It Take to Get a Business Loan in Green, Iowa?
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Financing for Bowling CentersLooking for loans for bowling centers? Try the SBA. This $95,000 bowling centers loan was issued by an Iowa bank. Getting a small business loan in Green, Iowa was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Lincoln Savings Bank, operating out of Cedar Falls, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: BOWLING CENTERS SBA Loan Lender LINCOLN SAVINGS BANK 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 713950 - Bowling Centers Loan Approval Date 2/19/2004 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. 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 6 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $95,000. How would you spend $95,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Cedar Falls, Iowa
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