Red Oak, Iowa Bank Gives SBA Loan to Limited-Service Restaurants Company

Get SBA loans from a Red Oak, Iowa bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Bank Iowa is a Red Oak, Iowa small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Iowa company.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
RED OAK, IA 51566

SBA Loan Lender

BANK IOWA
1805 N BROADWAY
RED OAK, IA 51566

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/3/2006

Loan Approval Gross Amount

$47,100

Loan Approval from the SBA

Of the total $47,100 loan amount, the SBA guaranteed $40,035.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 3 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bank Iowa 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.

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Best Red Oak, Iowa Banks for Small Business

Iowa SBA 7A Lenders