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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Appleton, Business Loans > Community First Cu Appleton Business Loans > Drinking Places Loan | ||||
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Black Creek SBA Loans
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Community First Cu Gives Business Loan to Drinking Places CompanySearching for a Wisconsin small business loan? This Wisconsin entrepreneur got a small business loan, provided by a Wisconsin bank that works with the SBA to help small business owners. Getting a small business loan in Black Creek, Wisconsin was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Community First Cu. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender COMMUNITY FIRST CU 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. NAICS Code 722410 - Drinking Places Loan Approval Date 6/21/2004 Loan Approval Gross Amount $112,000 Loan Approval from the SBA Of the total $112,000 loan amount, the SBA guaranteed $95,200. 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 SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $112,000. How would you spend $112,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Approved Banks in Appleton, Wisconsin
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