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December 22, 2024  
 
 
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Loan Census SBA Loan Info

Wells Fargo Bank SBA Loan to Eating Places Company

Looking to get an Iowa SBA loan? Here's one Iowa business loan that was approved by the SBA.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wells Fargo Bank, out of Minneapolis, Minnesota. The loan was granted and they received $765,900 to help grow their Marshalltown, Iowa business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MARSHALLTOWN, IA 50158

SBA Loan Lender

WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

6/13/2000

Loan Approval Gross Amount

$765,900

Loan Approval from the SBA

Of the total $765,900 loan amount, the SBA guaranteed $574,425.

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 39 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 39 existing jobs.

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

If you need money to start business in Marshalltown IA, you ought to talk with a local Marshalltown SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marshalltown businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $765,900 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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