West Bank SBA Loan to Veterinary Services For Animal Specialties Company
West Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how an Iowa entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in West Des Moines, Iowa was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from West Bank, operating out of West Des Moines, Iowa. Here are the details on this Iowa small business loan.
SBA Loan Borrower
COMPANY TYPE: VETERINARY SERVICES FOR ANIMAL SPECIALTIES
WEST DES MOINES, IA 50265
SBA Loan Lender
WEST BANK
1601 22ND ST
WEST DES MOINES, IA 50266
This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
0742 - Veterinary Services for Animal Specialties
NAICS Code
541940 - Veterinary Services
Loan Approval Date
1/16/2001
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
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 5 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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 West 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:
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Small Bank Loans in West Des Moines, Iowa
Iowa SBA 7A Lenders