Financing for Beef Cattle Ranching and Farming

With these commercial loans for beef cattle ranching and farming, the SBA guarantees the lender that the loan will be repaid. This beef cattle ranching and farming loan for $71,100 was given to an Iowa entrepreneur in 2002.

Getting a small business loan in Van Wert, Iowa was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Clarke County State Bank, operating out of Osceola, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: BEEF CATTLE RANCHING AND FARMING
VAN WERT, IA 50262

SBA Loan Lender

CLARKE COUNTY STATE BANK
139 S MAIN ST
OSCEOLA, IA 50213

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112111 - Beef Cattle Ranching and Farming

Loan Approval Date

7/3/2002

Loan Approval Gross Amount

$71,100

Loan Approval from the SBA

Of the total $71,100 loan amount, the SBA guaranteed $60,435.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Clarke County State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Attracting Investors

SBA Approved Banks in Osceola, Iowa

SBA Participating Banks in Iowa