Loan Census Banking News and Information
November 25, 2024  
 
 
  Business Loan Information  
 

I Need an SBA 7A Loan in Le Mars, Iowa

 

 
Loan Census SBA Loan Info

Commercial Loans for Chiropractors

Looking for commercial loans for chiropractors? The SBA may be the answer. This $64,900 chiropractors loan was issued by an Iowa bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Amer Bank, out of Le Mars, Iowa. The loan was granted and they received $64,900 to help grow their Le Mars, Iowa business.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
LE MARS, IA 51031

SBA Loan Lender

AMER BANK
234 5TH AVE SW
LE MARS, IA 51031

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

2/10/2004

Loan Approval Gross Amount

$64,900

Loan Approval from the SBA

Of the total $64,900 loan amount, the SBA guaranteed $55,165.

More Information on This SBA Loan

The borrower borrowed this money for a new 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. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amer 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.

Related Links:

How to Raise Money

Small Bank Loans in Le Mars, Iowa

SBA Lenders in Iowa