Iowa Bank Loan Issued to Soybean Processing Company

Would an Iowa bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Illinois bank, which offers SBA loans to Iowa entrepreneurs.

You can learn something about getting a small business loan in Perry, Iowa by studying this loan to a local company, made back in 2007. Banks like Valley Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: SOYBEAN PROCESSING
PERRY, IA 50220

SBA Loan Lender

VALLEY BANK
3455 AVE OF THE CITIES
MOLINE, IL 61265

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 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

311222 - Soybean Processing

Loan Approval Date

10/31/2007

Loan Approval Gross Amount

$975,000

Loan Approval from the SBA

Of the total $975,000 loan amount, the SBA guaranteed $731,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 35 employees. The loan application indicated that the loan would help retain 35 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Perry IA, you ought to talk with a local Perry SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Perry businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Valley Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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 Credit Cards

SBA 7A Lenders in Moline, Illinois

Getting an SBA Loan in Illinois