Regions Bank SBA Loan to Telephone Communications Company

Looking to get an Iowa small business loan? Here's one Iowa business loan that was approved by the SBA.

This small business needed an SBA business loan in Urbandale, Iowa back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Regions Bank, operating out of Urbandale, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: TELEPHONE COMMUNICATIONS
URBANDALE, IA 50322

SBA Loan Lender

REGIONS BANK
2851 86TH ST
URBANDALE, IA 50322

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4813 - Telephone Communications

Loan Approval Date

5/16/2000

Loan Approval Gross Amount

$50,800

Loan Approval from the SBA

Of the total $50,800 loan amount, the SBA guaranteed $40,640.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Regions 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.

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