Bank Loans for Spectator Sports

With these bank loans for spectator sports, the SBA guarantees the lender that the loan will be repaid. This spectator sports loan for $78,000 was given to an Iowa entrepreneur in 2007.

Getting a small business loan in West Des Moines, Iowa was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank Iowa, operating out of Altoona, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECTATOR SPORTS
WEST DES MOINES, IA 50266

SBA Loan Lender

BANK IOWA
420 8TH ST SE
ALTOONA, IA 50009

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

711219 - Spectator Sports

Loan Approval Date

8/16/2007

Loan Approval Gross Amount

$78,000

Loan Approval from the SBA

Of the total $78,000 loan amount, the SBA guaranteed $39,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - Friends and Family

Find an SBA Lender in Altoona, Iowa

Getting a Business Loan in Iowa