Primebank, Inc SBA Loan to Apparel And Accessory Stores Company

Searching for an Iowa small business loan? Here's one Iowa business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Le Mars, Iowa, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Primebank, Inc, based in Le Mars, Iowa.

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORY STORES
LE MARS, IA 51031

SBA Loan Lender

PRIMEBANK, INC
37 FIRST AVE NW
LE MARS, IA 51031

This lender issued this particular SBA 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.

SIC Code

5699 - Apparel and Accessory Stores

Loan Approval Date

4/3/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

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 4 employees. This SBA loan request did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Le Mars or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Family and Friend Investors - Your First Financiers

SBA Participating Banks in Le Mars, Iowa

Getting a Business Loan in Iowa