SBA Loan from Waukon State Bank Helps Sheet Metal Work Manufacturing Company

An SBA loan from Waukon State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lansing, Iowa business owner got a $539,610 loan.

Getting a small business loan in Lansing, Iowa was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Waukon State Bank, operating out of Waukon, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: SHEET METAL WORK MANUFACTURING
LANSING, IA 52151

SBA Loan Lender

WAUKON STATE BANK
22 W MAIN ST
WAUKON, IA 52172

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332322 - Sheet Metal Work Manufacturing

Loan Approval Date

5/25/2004

Loan Approval Gross Amount

$539,610

Loan Approval from the SBA

Of the total $539,610 loan amount, the SBA guaranteed $404,708.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Waukon State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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