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November 25, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Sioux City, Business Loans > Security National Bank - Sioux City Sioux City Business Loans > Pickerman's Of Sioux City Loan | ||||
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How to Get SBA Loans in Sioux City, Iowa
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Iowa Entrepreneur Secures Financing to Buy Pickerman's FranchiseNeed a loan to purchase a Pickerman's franchise? Security National Bank - Sioux City has a history of making these loans and they are guaranteed by the SBA. Pickerman's franchise loans are available to Sioux City, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Security National Bank - Sioux City, based in Sioux City, Iowa, issued an SBA franchise loan for a Pickerman's franchise in 2002. We've got all the details on this Iowa small business loan. SBA Loan Borrower PICKERMAN'S OF SIOUX CITY SBA Loan Lender SECURITY NATIONAL BANK - SIOUX CITY This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/7/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pickerman's franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $100,000. How would you spend $100,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - How to Decide How Much to Raise SBA Participating Banks in Sioux City, Iowa
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