Iowa Falls, IA Entrepreneur Gets SBA Loan to Buy Happy & Healthy Products Franchise

Need money to purchase a Happy & Healthy Products franchise? Green Belt Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Happy & Healthy Products franchise requires some effort but others before you have been successful. In 2003, Green Belt Bank & Trust issued an SBA franchise loan to an entrepreneur in Iowa Falls, Iowa. Because Happy & Healthy Products was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

MACBEC DISTRIBUTION
IOWA FALLS, IA 50126

SBA Loan Lender

GREEN BELT BANK & TRUST
616 WASHINGTON AVE
IOWA FALLS, IA 50126

This lender issued this particular SBA small business loan 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.

NAICS Code

422420 - Packaged Frozen Food Wholesalers

Loan Approval Date

2/24/2003

Loan Approval Gross Amount

$36,700

Loan Approval from the SBA

Of the total $36,700 loan amount, the SBA guaranteed $31,195.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Happy & Healthy Products franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $36,700 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Happy & Healthy Products, Inc.

The Art of Bootstrapping

Small Bank Loans in Iowa Falls, Iowa

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