Loans for Industrial Supplies Merchant Wholesalers

Looking for loans for industrial supplies merchant wholesalers? Talk to a banker who works with the SBA. This $865,000 industrial supplies merchant wholesalers loan was issued by an Iowa bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First National Bank - Muscatine, out of Muscatine, Iowa. The loan was granted and they received $865,000 to help grow their Muscatine, Iowa business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES MERCHANT WHOLESALERS
MUSCATINE, IA 52761

SBA Loan Lender

FIRST NATIONAL BANK - MUSCATINE
300 E 2ND ST
MUSCATINE, IA 52761

This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423840 - Industrial Supplies Merchant Wholesalers

Loan Approval Date

9/30/2003

Loan Approval Gross Amount

$865,000

Loan Approval from the SBA

Of the total $865,000 loan amount, the SBA guaranteed $648,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Muscatine IA, you ought to talk with a local Muscatine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Muscatine businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Equity Financing

Find an SBA Lender in Muscatine, Iowa

Iowa SBA 7A Lenders