Getting an SBA Loan for Office Supplies and Stationery

Looking for commercial loans for office supplies and stationery? Talk to a banker who works with the SBA. This $215,000 office supplies and stationery loan was issued by an Iowa bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oelwein, Iowa was able to borrow $215,000 from Fidelity Bank & Trust. The SBA made the loan possible by guaranteeing $161,250 of this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICE SUPPLIES AND STATIONERY
OELWEIN, IA 50662

SBA Loan Lender

FIDELITY BANK & TRUST
1 W CHARLES
OELWEIN, IA 50662

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453210 - Office Supplies and Stationery

Loan Approval Date

3/20/2007

Loan Approval Gross Amount

$215,000

Loan Approval from the SBA

Of the total $215,000 loan amount, the SBA guaranteed $161,250.

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 20 employees. This SBA loan request indicated that the loan would help retain 20 existing jobs.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

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 $215,000 loan. Remember, if it to be, it is up to me!

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:

Equity Financing

Who Lends Money to Small Businesses in Oelwein, Iowa

Iowa SBA 7A Lenders