Neenah, Wisconsin Bank Lends Money to Hotels And Motels Company in Algoma, Wisconsin

Thinking about meeting with a Neenah, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Neenah bank, that was approved by the SBA.

Applying for an SBA loan with 1st National Bank - Fox Valley worked out well for our friends at one local company in Algoma, Wisconsin. The business was able to get an SBA loan for $252,000. Nice!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
ALGOMA, WI 54201

SBA Loan Lender

1ST NATIONAL BANK - FOX VALLEY
550 S GREEN BAY RD
NEENAH, WI 54956

This SBA loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

711110 - Theater Companies and Dinner Theaters

Loan Approval Date

7/12/2005

Loan Approval Gross Amount

$252,000

Loan Approval from the SBA

Of the total $252,000 loan amount, the SBA guaranteed $189,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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