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SBA lending record

RAFFAT INC

1451 CORAL RIDGE AVE STE 328, Coralville, IA 52241 · Gift, Novelty, and Souvenir Stores. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$100K

Total SBA financing

1

Loan on record

FY2021

On record

8

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$100,000 — FY2021

Gross approval: $100,000
SBA guaranteed: $90,000 (90%)
Status: In workout — SBA bought the guarantee
Rate at approval: 5% v
Term: 8 mo (1 yr)
Program: Standard Asset Base Working Capital Line
Subprogram: Standard Asset Based
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/18/2021
First disbursement: 3/31/2021
Days to fund: 13 days
Collateral: Required
Jobs supported: 8
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Gift, Novelty, and Souvenir Stores
NAICS code: 453220
Lender: Farmers and Merchants Savings Bank
Address: 1451 CORAL RIDGE AVE STE 328
City: Coralville, 52241
County: Johnson
SBA district office: CEDAR RAPIDS BRANCH OFFICE
Congressional district: 2

The lender

Farmers and Merchants Savings Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Find SBA lenders for businesses like this

The banks most active funding gift, novelty, and souvenir stores — by location, industry.

SBA lenders in Iowa Lenders for gift, novelty, and souvenir stores Gift, Novelty, and Souvenir Stores lenders in Iowa

Similar businesses

Comparable gift, novelty, and souvenir stores in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

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SBA financing: ≈ $256K–$426K
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SBA financing: ≈ $247K–$412K
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Young and Wild Balloon Company LLC

Worthington, OH· ~462 mi

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$100K
SBA financing: ≈ $196K–$327K
Est. revenue (rough)

Idaho Bling Bling

Idaho Falls, ID· ~1042 mi

Gift, Novelty, and Souvenir Stores

$100K
SBA financing: ≈ $196K–$327K
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SEE GIFTS LLC

Bolivar, OH· ~533 mi

Gift, Novelty, and Souvenir Stores

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SBA financing: ≈ $161K–$268K
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SID FEY DESIGNS INC.

Warrenville, IL· ~176 mi

Gift, Novelty, and Souvenir Stores

$50K
SBA financing: ≈ $98K–$163K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for RAFFAT INC in Coralville, IA (Gift, Novelty, and Souvenir Stores). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $100K
On record FY2021
8 jobs supported
Industry: Gift, Novelty, and Souvenir Stores
Location: Coralville, IA
Lender: Farmers and Merchants Savings Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Gift, Novelty, and Souvenir Stores businesses in IA for ~$100k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/raffat-inc-ia
API:: https://www.capbench.com/api/public/businesses/raffat-inc-ia
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

Is RAFFAT INC your business?

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with RAFFAT INC.

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