Borrowing Money for Logging

Looking for loans for logging? Talk to a banker who works with the SBA. This $32,300 logging loan was issued by an Iowa bank.

Getting a small business loan in Lime Springs, Iowa was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from C Us Bank, operating out of Cresco, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: LOGGING
LIME SPRINGS, IA 52155

SBA Loan Lender

C US BANK
111 N ELM ST
CRESCO, IA 52136

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

113310 - Logging

Loan Approval Date

4/8/2004

Loan Approval Gross Amount

$32,300

Loan Approval from the SBA

Of the total $32,300 loan amount, the SBA guaranteed $27,455.

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 only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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.

Related Links:

Getting a Small Business Loan

Best Cresco, Iowa Banks for Small Business

Where to Get an SBA Loan Iowa