Norwalk, Iowa Bank Lends Money to Gift, Novelty, And Souvenir Stores Company in Winterset, Iowa

Find Norwalk, Iowa banks that specialize in small business loans and know how to work with entrepreneurs. City State Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Winterset, Iowa starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from City State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES
WINTERSET, IA 50273

SBA Loan Lender

CITY STATE BANK
801 MAIN ST
NORWALK, IA 50211

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

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

7/20/2004

Loan Approval Gross Amount

$122,800

Loan Approval from the SBA

Of the total $122,800 loan amount, the SBA guaranteed $104,380.

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 4 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 City State 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.

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