Raising Money for Store Retailers

Looking for business loans for store retailers? Try the SBA. This $131,700 store retailers loan was issued by an Iowa bank.

Getting a small business loan in Iowa City, Iowa was important for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Iowa St. Bank & Trust, operating out of Iowa City, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
IOWA CITY, IA 52246

SBA Loan Lender

IOWA ST. BANK & TRUST
102 S CLINTON ST
IOWA CITY, IA 52240

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

12/22/2000

Loan Approval Gross Amount

$131,700

Loan Approval from the SBA

Of the total $131,700 loan amount, the SBA guaranteed $98,775.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $131,700 loan. Remember, you control your own destiny.

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:

Getting a Small Business Loan

Best Iowa City, Iowa Banks for Small Business

Iowa SBA 7A Lenders