Humboldt, IA Entrepreneur Gets SBA Loan to Buy Curves For Women Franchise

Borrowing money to purchase a Curves For Women franchise? Bank Iowa has a history of making these loans and they are guaranteed by the SBA.

Curves For Women franchise loans are available to Humboldt, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Iowa, based in Humboldt, Iowa, issued an SBA franchise loan for a Curves For Women franchise in 2005. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

CURVES
HUMBOLDT, IA 50545

SBA Loan Lender

BANK IOWA
506 SUMNER AVE
HUMBOLDT, IA 50548

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Humboldt IA, you ought to talk with a local Humboldt SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Humboldt businesses.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank Iowa so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Curves

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Where to Get an SBA Loan in Humboldt, Iowa

Getting a Business Loan in Iowa