Get an SBA Loan for Manufacturing

Looking for small business loans for manufacturing? An SBA loan may be just what you've been looking for. This $39,000 manufacturing loan was issued by an Iowa bank.

Getting a small business loan in Lowden, Iowa was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bridge Community Bank, operating out of Mount Vernon, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING
LOWDEN, IA 52255

SBA Loan Lender

BRIDGE COMMUNITY BANK
302 HWY 1 SE
MOUNT VERNON, IA 52314

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

339999 - Manufacturing

Loan Approval Date

11/21/2002

Loan Approval Gross Amount

$39,000

Loan Approval from the SBA

Of the total $39,000 loan amount, the SBA guaranteed $33,150.

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

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

This SBA loan was for $39,000. How would you spend $39,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Who Lends Money to Small Businesses in Mount Vernon, Iowa

Where to Get an SBA Loan Iowa