Raising Money for Support Activities for Animal Production

With these bank loans for support activities for animal production, the SBA guarantees the lender that the loan will be repaid. This support activities for animal production loan for $330,000 was given to an Iowa entrepreneur in 2007.

This company knew how to go about getting a business bank loan. Based in Lansing, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Kerndt Brothers Savings Bank, based in Lansing, Iowa.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR ANIMAL PRODUCTION
LANSING, IA 52151

SBA Loan Lender

KERNDT BROTHERS SAVINGS BANK
370 MAIN ST
LANSING, IA 52151

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

115210 - Support Activities for Animal Production

Loan Approval Date

6/22/2007

Loan Approval Gross Amount

$330,000

Loan Approval from the SBA

Of the total $330,000 loan amount, the SBA guaranteed $247,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kerndt Brothers Savings Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kerndt Brothers Savings 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:

SBIR Funding

Find an SBA Lender in Lansing, Iowa

Getting an SBA Loan in Iowa