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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Johnston, Business Loans > Polk County Bank Johnston Business Loans > Nursery And Garden Centers Loan | ||||
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Advice for Business Owners On Getting a Loan
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How to Get a Loan for Nursery and Garden CentersWith these commercial loans for nursery and garden centers, the SBA guarantees the lender that the loan will be repaid. This nursery and garden centers loan for $53,000 was given to an Iowa entrepreneur in 2004. This small business knew how to go about getting a business bank loan. Based in Johnston, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Polk County Bank, based in Johnston, Iowa. SBA Loan Borrower COMPANY TYPE: NURSERY AND GARDEN CENTERS SBA Loan Lender POLK COUNTY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444220 - Nursery and Garden Centers Loan Approval Date 9/28/2004 Loan Approval Gross Amount $53,000 Loan Approval from the SBA Of the total $53,000 loan amount, the SBA guaranteed $39,750. 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 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Polk County Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Polk County Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 7A Banks in Johnston, Iowa
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