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November 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Mason City, Business Loans > Northwoods State Bank Mason City Business Loans > Roly Poly Loan | ||||
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Business Loans for Mason Businesses
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Northwoods State Bank Provides SBA Loan to Buy Roly Poly FranchiseNeed a loan to buy a Roly Poly franchise? Northwoods State Bank has a history of making these loans and they are guaranteed by the SBA. Roly Poly franchise loans are available to Mason, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Northwoods State Bank, based in Mason City, Iowa, issued an SBA franchise loan for a Roly Poly franchise in 2003. We've got all the details on this Iowa small business loan. SBA Loan Borrower ROLY POLY SBA Loan Lender NORTHWOODS STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/26/2003 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Roly Poly franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for 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: SBA Approved Banks in Mason City, Iowa
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