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November 15, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Vinton, Business Loans > Farmers Savings Bank & Trust-Vin Vinton Business Loans > Machine Shops Loan | ||||
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Iowa SBA Lenders
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Entrepreneur Works With Vinton, Iowa Bank to Get an SBA LoanGet to know Vinton, Iowa banks that specialize in business loans and know how to work with entrepreneurs. Farmers Savings Bank & Trust-Vin is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Vinton, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Farmers Savings Bank & Trust-Vin. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender FARMERS SAVINGS BANK & TRUST-VIN SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 11/29/2006 Loan Approval Gross Amount $425,000 Loan Approval from the SBA Of the total $425,000 loan amount, the SBA guaranteed $318,750. 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 2 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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:
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