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December 23, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Hull, Business Loans > Iowa State Bank Hull Business Loans > Heating Oil Dealers Loan | ||||
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Iowa State Bank Sheldon
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SBA Loan from Iowa State Bank Helps Heating Oil Dealers CompanyAn SBA loan from Iowa State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sheldon, Iowa business owner got a $150,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Iowa State Bank, out of Hull, Iowa. The loan was granted and they received $150,000 to help grow their Sheldon, Iowa business. SBA Loan Borrower COMPANY TYPE: HEATING OIL DEALERS SBA Loan Lender IOWA STATE BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454311 - Heating Oil Dealers Loan Approval Date 7/16/2001 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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Iowa State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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:
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