Sioux Center, Iowa Entrepreneur Gets a Business Loan

Would an Iowa SBA loan help your business get to the next level? If so, you may want to talk with this Iowa bank, which offers SBA loans to Iowa entrepreneurs.

Getting a small business loan in Sioux Center, Iowa was a top priority for this particular business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Primebank. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
SIOUX CENTER, IA 51250

SBA Loan Lender

PRIMEBANK
37 1ST AVE NW
LE MARS, IA 51031

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

451211 - Book Stores

Loan Approval Date

7/7/2006

Loan Approval Gross Amount

$152,500

Loan Approval from the SBA

Of the total $152,500 loan amount, the SBA guaranteed $76,250.

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 7 employees. The loan application indicated that the loan would help generate 1 new job and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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:

Alternative Financing

SBA 7A Banks for Le Mars, Iowa Loans

Iowa SBA 7A Lenders