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December 22, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > South Sioux City, Business Loans > Dakota County State Bank South Sioux City Business Loans > Car Washes Loan | ||||
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Sioux City, Iowa Bank Loan
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Getting an SBA Loan for Car WashesWith these business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $154,000 was given to an Iowa entrepreneur in 2004. Getting a small business loan in Sioux City, Iowa was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Dakota County State Bank, operating out of South Sioux City, Nebraska. Here are the details on this Iowa small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender DAKOTA COUNTY STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 9/2/2004 Loan Approval Gross Amount $154,000 Loan Approval from the SBA Of the total $154,000 loan amount, the SBA guaranteed $115,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 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. Start the Process for Getting an SBA Loan Today! 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $154,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Lenders in South Sioux City, Nebraska Getting an SBA Loan in Nebraska
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