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November 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Leighton, Business Loans > Leighton State Bank Leighton Business Loans > Roofing, Siding, And Sheet Metal Contractors Loan | ||||
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Leighton State Bank Business Loans
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Where to Get Capital for Roofing, Siding, and Sheet Metal ContractorsLooking for small business loans for roofing, siding, and sheet metal contractors? The SBA may be the answer. This $60,000 roofing, siding, and sheet metal contractors loan was issued by an Iowa bank. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Leighton State Bank, out of Leighton, Iowa. The loan was granted and they received $60,000 to help grow their Oskaloosa, Iowa business. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS SBA Loan Lender LEIGHTON STATE BANK This lender issued this particular small business 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 235610 - Roofing, Siding, and Sheet Metal Contractors Loan Approval Date 11/26/2002 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. 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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Leighton State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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:
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