Iowa City, Iowa Bank Gives SBA Loan to Stationery Stores Company

Want to talk with an Iowa City, Iowa bank about a business loan? Here's one Iowa business loan, issued by an Iowa City bank, that was approved by the SBA.

Applying for an SBA loan with Hills Bank And Trust Company worked out well for our friends at one local company in Iowa City, Iowa. They got an SBA loan for $83,600. Nice!

SBA Loan Borrower

COMPANY TYPE: STATIONERY STORES
IOWA CITY, IA 52240

SBA Loan Lender

HILLS BANK AND TRUST COMPANY
1401 S GILBERT ST
IOWA CITY, IA 52240

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5943 - Stationery Stores

NAICS Code

453210 - Office Supplies and Stationery

Loan Approval Date

2/2/2000

Loan Approval Gross Amount

$83,600

Loan Approval from the SBA

Of the total $83,600 loan amount, the SBA guaranteed $66,880.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

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