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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Harlan, Business Loans > Shelby County State Bank Harlan Business Loans > Hotels And Motels Loan | ||||
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Banks Doing SBA Loans in Iowa
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Harlan, Iowa Lender Lends Money to Hotels And Motels CompanyA Harlan, Iowa small business loan can be yours. Learn how a company got a $392,500 business loan from this Iowa bank. This loan to an entrepreneur is a good example of an SBA loan. Shelby County State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender SHELBY COUNTY STATE BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 7/20/2001 Loan Approval Gross Amount $392,500 Loan Approval from the SBA Of the total $392,500 loan amount, the SBA guaranteed $294,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Shelby County State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Harlan, Iowa
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