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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Ottumwa, Business Loans > Hedrick Savings Bank Ottumwa Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Ottumwa Lenders
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Ottumwa, Iowa Lender Lends Money to Gasoline Stations With Convenience Stores CompanyWant to talk with an Ottumwa, Iowa bank about a business loan? Here's one Iowa business loan, issued by an Ottumwa bank, that was approved by the SBA. Applying for an SBA loan with Hedrick Savings Bank worked out well for our friends at one local firm in Martinsburg, Iowa. The business was able to get an SBA loan for $99,300. Awesome! SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender HEDRICK SAVINGS BANK This SBA 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 3/6/2001 Loan Approval Gross Amount $99,300 Loan Approval from the SBA Of the total $99,300 loan amount, the SBA guaranteed $84,405. 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 application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Martinsburg or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 - Getting Venture Capital
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