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December 21, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Sioux Center, Business Loans > American State Bank Sioux Center Business Loans > Motor Vehicle Supplies And New Parts Merchant Wholesalers Loan | ||||
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American State Bank
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Business Loan from American State Bank Given to Motor Vehicle Supplies And New Parts Merchant Wholesalers CompanyAn SBA loan from American State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sibley, Iowa business owner got a $40,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with American State Bank, out of Sioux Center, Iowa. The loan was granted and they received $40,000 to help grow their Sibley, Iowa business. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS MERCHANT WHOLESALERS SBA Loan Lender AMERICAN STATE 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 423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers Loan Approval Date 6/3/2003 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Sioux Center, Iowa
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