Entrepreneur Works With Waukon, Iowa Bank to Get an SBA Loan

Want to talk with a Waukon, Iowa bank about a small business loan? Here's one Iowa business loan, issued by a Waukon bank, that was approved by the SBA.

Applying for an SBA loan with Waukon State Bank worked out well for our friends at one local firm in Waterloo, Iowa. They got an SBA loan for $1,230,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: HIGHWAY, STREET, AND BRIDGE CONSTRUCTION
WATERLOO, IA 50701

SBA Loan Lender

WAUKON STATE BANK
22 W MAIN ST
WAUKON, IA 52172

This loan 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

237310 - Highway, Street, and Bridge Construction

Loan Approval Date

5/13/2005

Loan Approval Gross Amount

$1,230,000

Loan Approval from the SBA

Of the total $1,230,000 loan amount, the SBA guaranteed $922,500.

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 30 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Waukon State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Who Lends Money to Small Businesses in Waukon, Iowa

Iowa SBA 7A Banks