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November 25, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Machine Shops Loan | ||||
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Mclean, Virginia Bank for SBA Loans
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Mclean, Virginia Bank Lends Money to Machine Shops Company in Huxley, IowaThinking about meeting with a Mclean, Virginia bank about an SBA loan? Here's one Iowa business loan, issued by a Mclean bank, that was approved by the SBA. Applying for an SBA loan with Capital One worked out well for our friends at one local company in Huxley, Iowa. They got an SBA loan for $50,000. Great job! SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender CAPITAL ONE The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 332710 - Machine Shops Loan Approval Date 12/18/2003 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 5 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Start the Process for Getting an SBA Loan Today! If you are raising money in Huxley IA, you ought to talk with a local Huxley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Huxley businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Capital One are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Approved Banks in Mclean, Virginia
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