SBA Loan from Liberty Bank, Fsb Helps Drinking Places Company

An SBA loan from Liberty Bank, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a North Liberty, Iowa business owner got a $100,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North Liberty, Iowa was able to borrow $100,000 from Liberty Bank, Fsb. The SBA made the loan possible by guaranteeing $85,000 of this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
NORTH LIBERTY, IA 52317

SBA Loan Lender

LIBERTY BANK, FSB
6139 ASHWORTH RD
WEST DES MOINES, IA 50266

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

11/20/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 22 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in North Liberty IA, you ought to talk with a local North Liberty SBA lender or talk with an out-of-area SBA lender that has previously loaned money to North Liberty businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Liberty Bank, Fsb are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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