Iowa Entrepreneur Secures Financing to Buy Budget Blinds Franchise

Borrowing money to buy a Budget Blinds franchise? Bankers Trust has a history of making these loans and they are guaranteed by the SBA.

If you live near Mount Vernon, Iowa and are interested in buying a Budget Blinds franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Bankers Trust. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

EASTERN IOWA BLINDS, INC.
MOUNT VERNON, IA 52314

SBA Loan Lender

BANKERS TRUST
221 THIRD AVE SE, STE 150
CEDAR RAPIDS, IA 52401

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

7/26/2006

Loan Approval Gross Amount

$320,000

Loan Approval from the SBA

Of the total $320,000 loan amount, the SBA guaranteed $240,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Budget Blinds franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Budget Blinds

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SBA Approved Banks in Cedar Rapids, Iowa

SBA Participating Banks in Iowa