Financing for Communications Equipment Manufacturing

With these loans for communications equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This communications equipment manufacturing loan for $278,000 was given to an Iowa entrepreneur in 2005.

Getting a small business loan in Waterloo, Iowa was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bankiowa, operating out of Waterloo, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMUNICATIONS EQUIPMENT MANUFACTURING
WATERLOO, IA 50703

SBA Loan Lender

BANKIOWA
3222 KIMBALL AVE, STE A
WATERLOO, IA 50702

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334290 - Communications Equipment Manufacturing

Loan Approval Date

11/14/2005

Loan Approval Gross Amount

$278,000

Loan Approval from the SBA

Of the total $278,000 loan amount, the SBA guaranteed $208,500.

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 20 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

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.

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