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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Rock Valley, Business Loans > Peoples Bank Rock Valley Business Loans > Farm Machinery And Equipment Manufacturing Loan | ||||
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Rock Valley Lenders
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Rock Valley, Iowa Lender Lends Money to Farm Machinery And Equipment Manufacturing CompanyA Rock Valley, Iowa SBA loan can be yours. Learn how a company got a $513,700 business loan from this Iowa bank. This loan to an entrepreneur is a good example of an SBA loan. Peoples Bank made the loan and the SBA guaranteed a portion of the loan. Many other Iowa entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FARM MACHINERY AND EQUIPMENT MANUFACTURING SBA Loan Lender PEOPLES BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333111 - Farm Machinery and Equipment Manufacturing Loan Approval Date 5/13/2003 Loan Approval Gross Amount $513,700 Loan Approval from the SBA Of the total $513,700 loan amount, the SBA guaranteed $385,275. 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 9 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Rock Valley IA, you ought to talk with a local Rock Valley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Rock Valley businesses. This SBA loan was for $513,700. How would you spend $513,700 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Banks in Rock Valley, Iowa
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