Business Loan from Pinnacle Bank Sioux City Given to Painting And Wall Covering Company

An SBA loan from Pinnacle Bank Sioux City typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sioux City, Iowa business owner got a $200,000 loan.

This business knew how to go about getting a business bank loan. Based in Sioux City, Iowa, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Pinnacle Bank Sioux City, based in Sioux City, Iowa.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND WALL COVERING
SIOUX CITY, IA 51103

SBA Loan Lender

PINNACLE BANK SIOUX CITY
1901 MORNINGSIDE AVE
SIOUX CITY, IA 51106

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235210 - Painting and Wall Covering

Loan Approval Date

2/3/2003

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 16 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

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

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.

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