Fairfield, Iowa Bank Lends Money to Nondurable Goods Merchant Wholesalers Company in Libertyville, Iowa

Find Fairfield, Iowa banks that specialize in SBA loans and know how to work with entrepreneurs. First National Bank In Fairfield is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Libertyville, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from First National Bank In Fairfield. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS MERCHANT WHOLESALERS
LIBERTYVILLE, IA 52567

SBA Loan Lender

FIRST NATIONAL BANK IN FAIRFIELD
100 E BURLINGTON AVE
FAIRFIELD, IA 52556

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

424990 - Nondurable Goods Merchant Wholesalers

Loan Approval Date

5/6/2004

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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