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January 26, 2025 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Muscatine, Business Loans > Central State Bank Muscatine Business Loans > Eating Places Loan | ||||
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SBA Lender Muscatine
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Muscatine, Iowa Bank Lends Money to Eating Places Company in Muscatine, IowaA Muscatine, Iowa SBA loan can be yours. Learn how one firm got a $88,400 business loan from this Iowa bank. This loan to a local firm is a good example of an SBA loan. Central State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender CENTRAL 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. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/30/2000 Loan Approval Gross Amount $88,400 Loan Approval from the SBA Of the total $88,400 loan amount, the SBA guaranteed $70,720. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? 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:
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