 |
 |
December 22, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Iowa Business Loan Sources > Iowa City, Business Loans > Iowa St. Bank & Trust Iowa City Business Loans > Beauty Shops Loan | ||||
 |
||||
Iowa St. Bank & Trust
|
||||
 |
Iowa City, Iowa Business Gets SBA-Guaranteed Funding from Iowa St. Bank & TrustAn SBA loan from Iowa St. Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Iowa City, Iowa business owner got a $7,300 loan. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Iowa St. Bank & Trust, out of Iowa City, Iowa. The loan was granted and they received $7,300 to help grow their Iowa City, Iowa business. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender IOWA ST. BANK & TRUST This lender issued this particular debt financing 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. SIC Code 7231 - Beauty Shops Loan Approval Date 3/21/2000 Loan Approval Gross Amount $7,300 Loan Approval from the SBA Of the total $7,300 loan amount, the SBA guaranteed $5,840. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Iowa St. Bank & Trust 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: Who Lends Money to Small Businesses in Iowa City, Iowa
|
|
||
|
||||
|
|
||||