Small Business Loans for Direct Selling Establishments
With these small business loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $41,000 was given to a Wisconsin entrepreneur in 2000.
This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Community Bank & Trust, out of Sheboygan, Wisconsin. The loan was granted and they received $41,000 to help grow their Appleton, Wisconsin business.
SBA Loan Borrower
COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
APPLETON, WI 54911
SBA Loan Lender
COMMUNITY BANK & TRUST
604 N EIGHTH ST
SHEBOYGAN, WI 53081
This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5963 - Direct Selling Establishments
NAICS Code
454390 - Direct Selling Establishments
Loan Approval Date
12/28/2000
Loan Approval Gross Amount
$41,000
Loan Approval from the SBA
Of the total $41,000 loan amount, the SBA guaranteed $32,800.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
We can help you find the best banks for small businesses in Appleton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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