Firm Gets an Iowa Small Business Loan

IowaSmall business loans are available to Iowa small business owners through the SBA. In this case, an Iowa bank provides the loan.

Getting a small business loan in West Des Moines, Iowa was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Iowa State Bank. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICIANS
WEST DES MOINES, IA 50266

SBA Loan Lender

IOWA STATE BANK
627 E LOCUST ST
DES MOINES, IA 50309

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Physicians

Loan Approval Date

3/7/2006

Loan Approval Gross Amount

$227,000

Loan Approval from the SBA

Of the total $227,000 loan amount, the SBA guaranteed $170,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 1 new job and retain 1 existing job.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in West Des Moines IA, you ought to talk with a local West Des Moines SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Des Moines businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Iowa State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Iowa State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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