Building Material Dealers Loans

Looking for loans for building material dealers? Talk to a banker who works with the SBA. This $718,800 building material dealers loan was issued by an Iowa bank.

This company knew how to go about getting a business bank loan. Based in Norwalk, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was First Bank, based in West Des Moines, Iowa.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
NORWALK, IA 50211

SBA Loan Lender

FIRST BANK
5625 MILLS CIVIC PKWY
WEST DES MOINES, IA 50266

This lender issued this SBA business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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

444190 - Building Material Dealers

Loan Approval Date

5/28/2003

Loan Approval Gross Amount

$718,800

Loan Approval from the SBA

Of the total $718,800 loan amount, the SBA guaranteed $539,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This SBA loan was for $718,800. How would you spend $718,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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