Business Loans for Store Retailers

With these business loans for store retailers, the SBA guarantees the lender that the loan will be repaid. This store retailers loan for $58,400 was given to an Iowa entrepreneur in 2004.

Getting a small business loan in West Union, Iowa was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - W. Union, operating out of West Union, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
WEST UNION, IA 52175

SBA Loan Lender

1ST NATIONAL BANK - W. UNION
115 N VINE ST
WEST UNION, IA 52175

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

6/23/2004

Loan Approval Gross Amount

$58,400

Loan Approval from the SBA

Of the total $58,400 loan amount, the SBA guaranteed $49,640.

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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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