Entrepreneur Works With Prairie Du Chien, Wisconsin Bank to Get an SBA Loan

Get to know Prairie Du Chien, Wisconsin banks that specialize in business loans and know how to work with entrepreneurs. Peoples State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Bloomington, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Peoples State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: GASOLINE SERVICE STATIONS
BLOOMINGTON, WI 53804

SBA Loan Lender

PEOPLES STATE BANK
301 E BLACKHAWK AVE
PRAIRIE DU CHIEN, WI 53821

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

448110 - Men's Clothing Stores

Loan Approval Date

9/28/2006

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Don't apply for a loan directly with the SBA. You need to 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.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $225,000 loan. Remember, if it to be, it is up to me!

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:

SBIR Funding

SBA Banks in Prairie Du Chien, Wisconsin

Wisconsin SBA Bank Lenders