Getting an SBA Loan for Farm Supplies Wholesalers

Looking for commercial loans for farm supplies wholesalers? The SBA may be the answer. This $123,750 farm supplies wholesalers loan was issued by an Iowa bank.

This business knew how to go about getting a business bank loan. Based in Mabel, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Citizens Savings Bank, based in Spillville, Iowa.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES WHOLESALERS
MABEL, MN 55954

SBA Loan Lender

CITIZENS SAVINGS BANK
101 CHURCH ST
SPILLVILLE, IA 52168

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

7/5/2007

Loan Approval Gross Amount

$123,750

Loan Approval from the SBA

Of the total $123,750 loan amount, the SBA guaranteed $92,812.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $123,750 loan. Remember, anyone can do it... so why not you?

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:

Obtaining Funding From a Venture Capitalist

Who Lends Money to Small Businesses in Spillville, Iowa

SBA Participating Banks in Iowa