Business Loan from Hampton State Bank Given to Hardware Stores Company

An SBA loan from Hampton State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hampton, Iowa business owner got a $315,000 loan.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Hampton State Bank, out of Hampton, Iowa. The loan was granted and they received $315,000 to help grow their Hampton, Iowa business.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
HAMPTON, IA 50441

SBA Loan Lender

HAMPTON STATE BANK
100 1ST ST NW
HAMPTON, IA 50441

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

5/15/2006

Loan Approval Gross Amount

$315,000

Loan Approval from the SBA

Of the total $315,000 loan amount, the SBA guaranteed $236,250.

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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hampton State Bank and they will explain how you can get an SBA loan for your company.

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:

Obtaining Funding - How to Borrow Money

Best Hampton, Iowa Banks for Small Business

Getting an SBA Loan in Iowa