Business Loan from Associated Bank Given to Skilled Nursing Care Facilities Company
Associated Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Illinois entrepreneur who tapped into the power of SBA loans.
Getting a small business loan in Canton, Illinois was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Associated Bank, operating out of Appleton, Wisconsin. Here are the details on this Illinois small business loan.
SBA Loan Borrower
COMPANY TYPE: SKILLED NURSING CARE FACILITIES
CANTON, IL 61520
SBA Loan Lender
ASSOCIATED BANK
W3122 COUNTY RD KK
APPLETON, WI 54915
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8051 - Skilled Nursing Care Facilities
NAICS Code
623311 - Continuing Care Retirement Communities
Loan Approval Date
8/12/2005
Loan Approval Gross Amount
$820,000
Loan Approval from the SBA
Of the total $820,000 loan amount, the SBA guaranteed $615,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 17 employees. The loan application did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
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:
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Small Bank Loans in Appleton, Wisconsin
SBA Wisconsin Lenders