Loans for Crop Farming

Looking for loans for crop farming? An SBA loan may be just what you've been looking for. This $150,000 crop farming loan was issued by an Iowa bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Iowa State Savings Bank, out of Knoxville, Iowa. The loan was granted and they received $150,000 to help grow their Pleasantville, Iowa business.

SBA Loan Borrower

COMPANY TYPE: CROP FARMING
PLEASANTVILLE, IA 50225

SBA Loan Lender

IOWA STATE SAVINGS BANK
222 E ROBINSON ST
KNOXVILLE, IA 50138

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

111998 - Crop Farming

Loan Approval Date

1/30/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 only one employee. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to let you know that businesses like yours 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.

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SBA Participating Banks in Knoxville, Iowa

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