How to Get a Loan for Dairy Product Merchant Wholesalers

Looking for business loans for dairy product merchant wholesalers? The SBA may be the answer. This $834,000 dairy product merchant wholesalers loan was issued by an Iowa bank.

This small business knew how to go about getting a business bank loan. Based in Wellman, Iowa, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Federation Bank, based in Wellman, Iowa.

SBA Loan Borrower

COMPANY TYPE: DAIRY PRODUCT MERCHANT WHOLESALERS
WELLMAN, IA 52356

SBA Loan Lender

FEDERATION BANK
801 6TH ST
WELLMAN, IA 52356

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA 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

424430 - Dairy Product Merchant Wholesalers

Loan Approval Date

12/30/2003

Loan Approval Gross Amount

$834,000

Loan Approval from the SBA

Of the total $834,000 loan amount, the SBA guaranteed $625,500.

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 17 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Federation Bank and they will explain how you can get an SBA loan for your company.

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:

Advice on Getting a Small Business Loan

SBA 7A Banks for Wellman, Iowa Loans

Iowa SBA 7A Lenders