Get an SBA Loan for Florists

With these small business loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $50,000 was given to an Iowa entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Le Mars, Iowa was able to borrow $50,000 from Amer Bank. The SBA made the loan possible by guaranteeing $42,500 of this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
LE MARS, IA 51031

SBA Loan Lender

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

This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

3/14/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in Le Mars IA, you ought to talk with a local Le Mars SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Le Mars businesses.

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

Small Business Credit Cards

Banks in Le Mars, Iowa

Iowa SBA 7A Lenders