The National Bank SBA Loan to Jewelry Stores Company

An SBA loan from The National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a St. Joseph, Minnesota business owner got a $112,000 loan.

This small firm knew how to go about getting a business bank loan. Based in St. Joseph, Minnesota, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was The National Bank, based in Bettendorf, Iowa.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
ST. JOSEPH, MN 56374

SBA Loan Lender

THE NATIONAL BANK
852 MIDDLE RD, STE 101
BETTENDORF, IA 52722

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

448310 - Jewelry Stores

Loan Approval Date

7/17/2006

Loan Approval Gross Amount

$112,000

Loan Approval from the SBA

Of the total $112,000 loan amount, the SBA guaranteed $56,000.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Financing Your Business

Good Banks for Small Business in Bettendorf, Iowa

Find an SBA Lender in Iowa