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November 14, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Waterloo, Business Loans > Bankiowa Waterloo Business Loans > Communications Equipment Manufacturing Loan | ||||
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SBA Lender Waterloo, Iowa
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Waterloo, Iowa Bank Lends Money to Communications Equipment Manufacturing Company in Waterloo, IowaWant to talk with a Waterloo, Iowa bank about a small business loan? Here's one Iowa business loan, issued by a Waterloo bank, that was approved by the SBA. Applying for an SBA loan with Bankiowa worked out well for our friends at one local firm in Waterloo, Iowa. The business was able to get an SBA loan for $350,000. Way to go! SBA Loan Borrower COMPANY TYPE: COMMUNICATIONS EQUIPMENT MANUFACTURING SBA Loan Lender BANKIOWA This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The loan application did not indicate that the business promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bankiowa 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: Good Banks for Small Business in Waterloo, Iowa
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