Iowa Entrepreneur Secures Financing to Buy Liqui-Green Franchise

Need a loan to invest in a Liqui-Green franchise? Charter Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Liqui-Green franchise may simply require a phone call to a local SBA banker. In 2001, Charter Bank issued an SBA franchise loan to an entrepreneur in Johnston, Iowa. Because Liqui-Green was registered with the SBA's registry of franchises, this Iowa small business loan was issued on an expedited basis.

SBA Loan Borrower

SOUTHWESTERN LIQUI-GREEN INC
JOHNSTON, IA 50131

SBA Loan Lender

CHARTER BANK
5526 NW 86TH ST
JOHNSTON, IA 50131

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

561730 - Landscaping Services

Loan Approval Date

7/18/2001

Loan Approval Gross Amount

$74,700

Loan Approval from the SBA

Of the total $74,700 loan amount, the SBA guaranteed $63,495.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Liqui-Green franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Johnston IA, you ought to talk with a local Johnston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Johnston businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Charter Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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