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November 23, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Green Bay, Business Loans > Associated Bank Green Bay Business Loans > Clothing Stores Loan | ||||
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Wisconsin SBA Lenders
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Green Bay, Wisconsin Bank Gives SBA Loan to Clothing Stores CompanyThinking about meeting with a Green Bay, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Green Bay bank, that was approved by the SBA. Applying for an SBA loan with Associated Bank worked out well for our friends at one local firm in Appleton, Wisconsin. The business was able to get an SBA loan for $55,900. Nice! SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender ASSOCIATED BANK This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 448190 - Clothing Stores Loan Approval Date 9/28/2006 Loan Approval Gross Amount $55,900 Loan Approval from the SBA Of the total $55,900 loan amount, the SBA guaranteed $27,950. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Start the Process for Getting an SBA Loan Today! 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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. Related Links: Accountant's Role in Securing Financing Who Lends Money to Small Businesses in Green Bay, Wisconsin
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