Hager City, Wisconsin Lender Lends Money to Full-Service Restaurants Company

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

Applying for an SBA loan with Hiawatha National Bank worked out well for our friends at one local business in Bay City, Wisconsin. They got an SBA loan for $20,000. Great job!

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
BAY CITY, WI 54723

SBA Loan Lender

HIAWATHA NATIONAL BANK
N1555 770TH ST & HWY 35
HAGER CITY, WI 54014

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

3/25/2005

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 9 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

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 Hiawatha National 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.

Related Links:

Microlending as a Small Business Funding Source

SBA 7A Lenders in Hager City, Wisconsin

Getting an SBA Loan in Wisconsin