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December 20, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Berlin, Business Loans > 1st National Bank - Berlin Berlin Business Loans > Women's Clothing Stores Loan | ||||
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1st National Bank - Berlin
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SBA Loan from 1st National Bank - Berlin Helps Women's Clothing Stores CompanyAn SBA loan from 1st National Bank - Berlin typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Berlin, Wisconsin business owner got a $110,000 loan. Getting a small business loan in Berlin, Wisconsin was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Berlin, operating out of Berlin, Wisconsin. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: WOMEN'S CLOTHING STORES SBA Loan Lender 1ST NATIONAL BANK - BERLIN This lender issued this particular 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. SIC Code 5621 - Women's Clothing Stores NAICS Code 532220 - Formal Wear and Costume Rental Loan Approval Date 5/9/2003 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. 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 2 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your 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've showcased information on this loan to let you know that businesses like yours 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. Related Links: Find an SBA Lender in Berlin, Wisconsin
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