Raising Money 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 $70,000 was given to an Iowa entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Des Moines, Iowa was able to borrow $70,000 from Bank Iowa. The SBA made the loan possible by guaranteeing $35,000 of 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
This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
8/17/2007
Loan Approval Gross Amount
$70,000
Loan Approval from the SBA
Of the total $70,000 loan amount, the SBA guaranteed $35,000.
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 4 employees. This SBA loan request indicated that the borrowed money would help create 4 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in West Des Moines or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
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Iowa SBA Bank Lenders