Where to Get Capital for Farm and Garden Machinery and Equipment Wholesalers

Looking for SBA loans for farm and garden machinery and equipment wholesalers? Talk to a banker who works with the SBA. This $50,000 farm and garden machinery and equipment wholesalers loan was issued by an Iowa bank.

This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Titonka Savings Bank, out of Titonka, Iowa. The loan was granted and they received $50,000 to help grow their Mason City, Iowa business.

SBA Loan Borrower

COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT
MASON CITY, IA 50401

SBA Loan Lender

TITONKA SAVINGS BANK
173 MAIN ST NORTH
TITONKA, IA 50480

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.

SIC Code

5083 - Farm and Garden Machinery and Equipment

NAICS Code

421820 - Farm and Garden Machinery and Equipment Wholesalers

Loan Approval Date

2/18/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 7 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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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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