Grimeoines, Iowa Entrepreneur Gets a Business Loan
Looking to get an Iowa small business loan? This Iowa entrepreneur got a small business loan, provided by a South Dakota bank that works with the SBA to help small business owners.
By giving the right information to Wells Fargo Bank, this Grimeoines, Iowa business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: DISPLAY ADVERTISING
GRIMEOINES, IA 50111
SBA Loan Lender
WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104
This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
541850 - Display Advertising
Loan Approval Date
3/8/2007
Loan Approval Gross Amount
$112,100
Loan Approval from the SBA
Of the total $112,100 loan amount, the SBA guaranteed $95,285.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
We can help you find the best banks for small businesses in Grimeoines 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:
Debt Financing
Small Business Banks in Sioux Falls, South Dakota
SBA Lenders in South Dakota