Getting an SBA Loan for Support Activities for Animal Production

Looking for SBA loans for support activities for animal production? An SBA loan may be just what you've been looking for. This $220,000 support activities for animal production loan was issued by an Iowa bank.

This business knew how to go about getting a business bank loan. Based in Sibley, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Melvin Savings Bank, based in Melvin, Iowa.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR ANIMAL PRODUCTION
SIBLEY, IA 51249

SBA Loan Lender

MELVIN SAVINGS BANK
260 MAIN ST
MELVIN, IA 51350

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

115210 - Support Activities for Animal Production

Loan Approval Date

6/24/2005

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $110,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

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

If you have been wondering how do i get money to start a business in Sibley IA, you ought to talk with a local Sibley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sibley businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Melvin Savings Bank 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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