Iowa Entrepreneur Secures Financing to Buy Budget Blinds Franchise

Borrowing money to invest in a Budget Blinds franchise? First Bank has a history of making these loans and they are guaranteed by the SBA.

Budget Blinds franchise loans are available to Van Meter, Iowa entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Bank, based in West Des Moines, Iowa, issued an SBA franchise loan for a Budget Blinds franchise in 2005. We've got all the details on this Iowa small business loan.

SBA Loan Borrower

BUDGET BLINDS OF VAN METER
VAN METER, IA 50261

SBA Loan Lender

FIRST BANK
5625 MILLS CIVIC PKWY
WEST DES MOINES, IA 50266

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.

NAICS Code

442291 - Window Treatment Stores

Loan Approval Date

9/6/2005

Loan Approval Gross Amount

$100,200

Loan Approval from the SBA

Of the total $100,200 loan amount, the SBA guaranteed $85,170.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Budget Blinds franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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.

Related Links:

Budget Blinds

Angel Investors

SBA 7A Banks in West Des Moines, Iowa

SBA Iowa Banks