Bank Loans for Siding Contractors

With these bank loans for siding contractors, the SBA guarantees the lender that the loan will be repaid. This siding contractors loan for $28,300 was given to an Iowa entrepreneur in 2005.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Collins Community Cu, out of Cedar Rapids, Iowa. The loan was granted and they received $28,300 to help grow their Marion, Iowa business.

SBA Loan Borrower

COMPANY TYPE: SIDING CONTRACTORS
MARION, IA 52302

SBA Loan Lender

COLLINS COMMUNITY CU
1150 42ND ST NE
CEDAR RAPIDS, IA 52402

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238170 - Siding Contractors

Loan Approval Date

7/12/2005

Loan Approval Gross Amount

$28,300

Loan Approval from the SBA

Of the total $28,300 loan amount, the SBA guaranteed $14,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had no employees. The loan application indicated that the funding would help create 1 new job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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:

Famous Venture Capitalists

Good Banks for Small Business in Cedar Rapids, Iowa

Getting an SBA Loan in Iowa