Business Loans for Household Appliance Stores

With these business loans for household appliance stores, the SBA guarantees the lender that the loan will be repaid. This household appliance stores loan for $307,000 was given to an Iowa entrepreneur in 2005.

This small business knew how to go about getting a business bank loan. Based in Marshalltown, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was United Bank & Tr, based in Marshalltown, Iowa.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD APPLIANCE STORES
MARSHALLTOWN, IA 50158

SBA Loan Lender

UNITED BANK & TR
2101 S CENTER ST
MARSHALLTOWN, IA 50158

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443111 - Household Appliance Stores

Loan Approval Date

11/22/2005

Loan Approval Gross Amount

$307,000

Loan Approval from the SBA

Of the total $307,000 loan amount, the SBA guaranteed $230,250.

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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

SBA 7A Banks in Marshalltown, Iowa

SBA Iowa Lenders