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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Iowa Falls, Business Loans > Green Belt Bank & Trust Iowa Falls Business Loans > Paint, Glass, And Wallpaper Stores Loan | ||||
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SBA Lender Iowa Falls
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Iowa Falls, Iowa Lender Lends Money to Paint, Glass, And Wallpaper Stores CompanyAn Iowa Falls, Iowa SBA loan can be yours. Learn how a company got a $60,000 business loan from this Iowa bank. This loan to an entrepreneur is a good example of an SBA loan. Green Belt Bank & Trust 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: PAINT, GLASS, AND WALLPAPER STORES SBA Loan Lender GREEN BELT BANK & TRUST This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5231 - Paint, Glass, and Wallpaper Stores Loan Approval Date 7/24/2000 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $48,000. 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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start business in Nevada IA, you ought to talk with a local Nevada SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nevada businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $60,000 loan. Remember, where there is a will, there is a way! 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: Obtaining Funding From a Venture Capitalist Who Lends Money to Small Businesses in Iowa Falls, Iowa
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