Getting an SBA Loan for Water and Sewer Line and Related Structures Construction

With these business loans for water and sewer line and related structures construction, the SBA guarantees the lender that the loan will be repaid. This water and sewer line and related structures construction loan for $200,000 was given to an Iowa entrepreneur in 2007.

Getting a small business loan in Woolstock, Iowa was important for this business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First State Bank, operating out of Webster City, Iowa. Here are the details on this Iowa small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER AND SEWER LINE AND RELATED STRUCTURES CONSTRUCTION
WOOLSTOCK, IA 50599

SBA Loan Lender

FIRST STATE BANK
505 SECOND ST
WEBSTER CITY, IA 50595

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

237110 - Water and Sewer Line and Related Structures Construction

Loan Approval Date

9/12/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Woolstock IA, you ought to talk with a local Woolstock SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Woolstock businesses.

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 First 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.

Related Links:

Direct Public Offerings

Small Business Banks in Webster City, Iowa

SBA Iowa Banks