River Valley Bank Gives Business Loan to Gasoline Service Stations Company

Would a Wisconsin business loan help your company expand? If so, you may want to talk with this Wisconsin bank, which offers SBA loans to Wisconsin entrepreneurs.

Getting a small business loan in Armstrong Creek, Wisconsin was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from River Valley Bank. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
ARMSTRONG CREEK, WI 54103

SBA Loan Lender

RIVER VALLEY BANK
141 S WILLOW ST
EAGLE RIVER, WI 54521

This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

11/2/2005

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

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 6 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into River Valley Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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