Antigo, Wisconsin Bank Gives SBA Loan to Drinking Places Company
Want to talk with an Antigo, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by an Antigo bank, that was approved by the SBA.
Applying for an SBA loan with Covantage Cu worked out well for our friends at one local business in Birnamwood, Wisconsin. They got an SBA loan for $66,500. Awesome!
SBA Loan Borrower
COMPANY TYPE: DRINKING PLACES
BIRNAMWOOD, WI 54414
SBA Loan Lender
COVANTAGE CU
723 6TH AVE
ANTIGO, WI 54409
This lender processed this 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
722410 - Drinking Places
Loan Approval Date
12/28/2004
Loan Approval Gross Amount
$66,500
Loan Approval from the SBA
Of the total $66,500 loan amount, the SBA guaranteed $33,250.
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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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 Covantage Cu 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:
Advice on Getting a Small Business Loan
Small Business Banks in Antigo, Wisconsin
SBA Wisconsin Lenders