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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Hills, Business Loans > Hills Bank And Trust Company Hills Business Loans > Snack And Nonalcoholic Beverage Bars Loan | ||||
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Banks in Iowa
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Borrowing Money for Snack and Nonalcoholic Beverage BarsWith these small business loans for snack and nonalcoholic beverage bars, the SBA guarantees the lender that the loan will be repaid. This snack and nonalcoholic beverage bars loan for $102,000 was given to an Iowa entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in North Liberty, Iowa was able to borrow $102,000 from Hills Bank And Trust Company. The SBA made the loan possible by guaranteeing $86,700 of this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS SBA Loan Lender HILLS BANK AND TRUST COMPANY This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 5/21/2004 Loan Approval Gross Amount $102,000 Loan Approval from the SBA Of the total $102,000 loan amount, the SBA guaranteed $86,700. 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 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Hills, Iowa Banks for Small Business SBA Participating Banks in Iowa
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