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November 15, 2024  
 
 
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Loan Census SBA Loan Info

Loan to Buy Dr. Vinyl vinyl Uphol., Etc. Franchise Issued By Midstates Bank

Borrowing money to purchase a Dr. Vinyl vinyl Uphol., Etc. franchise? Midstates Bank has a history of making these loans and they are guaranteed by the SBA.

Dr. Vinyl vinyl Uphol., Etc. franchise loans are available to Treynor, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Midstates Bank, based in Council Bluffs, Iowa, issued an SBA franchise loan for a Dr. Vinyl vinyl Uphol., Etc. franchise in 2000. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

LASHER ENTERPRISES
TREYNOR, IA 51575

SBA Loan Lender

MIDSTATES BANK
1851 MADISON AVE, STE 732
COUNCIL BLUFFS, IA 51503

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7641 - Reupholstery and Furniture Repair

Loan Approval Date

3/7/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Dr. Vinyl vinyl Uphol., Etc. franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Dr. Vinyl and Associates, Ltd.

Role of Business Plan When Raising Money

Find an SBA Lender in Council Bluffs, Iowa

Iowa SBA Banks