Business Loan from 1st National Bank - Fox Valley Given to Specialized Local Freight Trucking Company
An SBA loan from 1st National Bank - Fox Valley typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Appleton, Wisconsin business owner got a $48,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Appleton, Wisconsin was able to borrow $48,000 from 1st National Bank - Fox Valley. The SBA made the loan possible by guaranteeing $24,000 of this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING
APPLETON, WI 54913
SBA Loan Lender
1ST NATIONAL BANK - FOX VALLEY
550 S GREEN BAY RD
NEENAH, WI 54956
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
484220 - Specialized Local Freight Trucking
Loan Approval Date
7/11/2006
Loan Approval Gross Amount
$48,000
Loan Approval from the SBA
Of the total $48,000 loan amount, the SBA guaranteed $24,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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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