Hills, Iowa Bank Gives SBA Loan to Personal Care Services Company

Find Hills, Iowa banks that specialize in SBA loans and know how to work with entrepreneurs. Hills Bank And Trust Company is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in North Liberty, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Hills Bank And Trust Company. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
NORTH LIBERTY, IA 52317

SBA Loan Lender

HILLS BANK AND TRUST COMPANY
131 MAIN
HILLS, IA 52235

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

4/4/2006

Loan Approval Gross Amount

$108,700

Loan Approval from the SBA

Of the total $108,700 loan amount, the SBA guaranteed $54,350.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the funding would help generate 3 new jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Hills Bank And Trust Company and they will explain how you can get an SBA loan for your company.

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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Hills, Iowa Bank Gives SBA Loan to Personal Care Services Company