SBA lending record

Mema's, LLC

2250 E 1St St, Grimes, IA 50111 · Limited-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$250K

Total SBA financing

Loan on record

FY2021

On record

Jobs supported

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

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The loan

$250,000 — FY2021

Gross approval: $250,000
SBA guaranteed: $225,000 (90%)
Status: Charged off (failed)
Rate at approval: 6% v
Term: 94 mo (8 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 4/19/2021
First disbursement: 4/30/2021
Days to fund: 11 days
Charged off: 6/26/2024
Charge-off amount: $131,793
Collateral

The lender

VisionBank of Iowa

1 loan to this business

Agent summary

This page summarizes the public SBA 7(a) lending record for Mema's, LLC in Grimes, IA (Limited-Service Restaurants). DealRoom 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 $250K
On record FY2021
10 jobs supported
Industry: Limited-Service Restaurants
Location: Grimes, IA
Lender: VisionBank of Iowa

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/mema-s-llc-ia
API:: https://dealroom.so/api/public/businesses/mema-s-llc-ia
Methodology:: Sources & methodology

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Mema's, LLC.