American National Bank Provides SBA Loan to Buy Culligan Soft Water Service Franchise

Need a loan to purchase a Culligan Soft Water Service franchise? American National Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Culligan Soft Water Service franchise? If so, here's a 2007 SBA franchise loan that you should know about. American National Bank was the lender and the entrepreneur was based in Missouri Valley, Iowa.

SBA Loan Borrower

BILL'S WATERING CONDITIONING I
MISSOURI VALLEY, IA 51555

SBA Loan Lender

AMERICAN NATIONAL BANK
8990 W DODGE RD
OMAHA, NE 68114

This lender provides SBA guaranteed bank 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.

NAICS Code

423720 - Plumbing and Heating Equipment and Supplies Merchant Wholesaler

Loan Approval Date

4/2/2007

Loan Approval Gross Amount

$1,013,000

Loan Approval from the SBA

Of the total $1,013,000 loan amount, the SBA guaranteed $759,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Culligan Soft Water Service franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like American National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Culligan International

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SBA Lenders in Nebraska