Springville, Iowa Business Gets SBA-Guaranteed Funding from Maquoketa State Bank

An SBA loan from Maquoketa State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Springville, Iowa business owner got a $139,500 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Springville, Iowa was able to borrow $139,500 from Maquoketa State Bank. The SBA made the loan possible by guaranteeing $104,625 of this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
SPRINGVILLE, IA 52336

SBA Loan Lender

MAQUOKETA STATE BANK
203 N MAIN ST
MAQUOKETA, IA 52060

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/25/2007

Loan Approval Gross Amount

$139,500

Loan Approval from the SBA

Of the total $139,500 loan amount, the SBA guaranteed $104,625.

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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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