Citizens Savings Bank Gives Small Business Loan to Hog And Pig Farming Company

IowaSBA loans are available to Iowa entrepreneurs through the SBA. In this case, an Iowa bank provides the loan.

By giving the right information to Citizens Savings Bank, this Postville, Iowa business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: HOG AND PIG FARMING
POSTVILLE, IA 52165

SBA Loan Lender

CITIZENS SAVINGS BANK
101 CHURCH ST
SPILLVILLE, IA 52168

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 loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112210 - Hog and Pig Farming

Loan Approval Date

3/17/2004

Loan Approval Gross Amount

$244,000

Loan Approval from the SBA

Of the total $244,000 loan amount, the SBA guaranteed $183,000.

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. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Postville IA, you ought to talk with a local Postville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Postville businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Citizens Savings Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

The Art of Bootstrapping

Good Banks for Small Business in Spillville, Iowa

Getting an SBA Loan in Iowa