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December 21, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Boone, Business Loans > Boone Bank & Trust Co. Boone Business Loans > Limited-Service Restaurants Loan | ||||
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Boone Bank & Trust Co.
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Ogden, Iowa Business Gets SBA-Guaranteed Funding from Boone Bank & Trust Co.An SBA loan from Boone Bank & Trust Co. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ogden, Iowa business owner got a $47,000 loan. Getting a small business loan in Ogden, Iowa was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Boone Bank & Trust Co., operating out of Boone, Iowa. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender BOONE BANK & TRUST CO. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/15/2005 Loan Approval Gross Amount $47,000 Loan Approval from the SBA Of the total $47,000 loan amount, the SBA guaranteed $39,950. 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 3 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds 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 other ways to get money to start a business, 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: Small Business Banks in Boone, Iowa SBA Participating Banks in Iowa
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