Loan to Buy Weedman Franchise Issued By City State Bank

Need money to purchase a Weedman franchise? City State Bank has a history of making these loans and they are guaranteed by the SBA.

Weedman franchise loans are available to Grimes, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, City State Bank, based in Grimes, Iowa, issued an SBA franchise loan for a Weedman franchise in 2002. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

WEEDMAN
GRIMES, IA 50111

SBA Loan Lender

CITY STATE BANK
100 N JACOB
GRIMES, IA 50111

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561730 - Landscaping Services

Loan Approval Date

10/16/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Weedman franchise. At the time of the loan, the company had only one employee. 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!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Grimes 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.

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