Iowa Bank Loan Issued to Confectionery Wholesalers Company

IowaBusiness loans are available to Iowa business owners through the SBA. In this case, an Iowa bank provides the loan.

Getting a small business loan in Shellsburg, Iowa was a top priority for this SBA-financed company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Palo Savings Bank. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: CONFECTIONERY WHOLESALERS
SHELLSBURG, IA 52332

SBA Loan Lender

PALO SAVINGS BANK
606 1ST ST
PALO, IA 52324

This business 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

422450 - Confectionery Wholesalers

Loan Approval Date

12/12/2001

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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