Associated Bank SBA Loan to Commercial Photography Company

Looking to get a Wisconsin SBA loan? Here's one Wisconsin business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Chippewa Falls, Wisconsin, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Associated Bank, based in Plymouth, Minnesota.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL PHOTOGRAPHY
CHIPPEWA FALLS, WI 54729

SBA Loan Lender

ASSOCIATED BANK
2655 CAMPUS DR
PLYMOUTH, MN 55441

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7335 - Commercial Photography

Loan Approval Date

1/14/2000

Loan Approval Gross Amount

$62,000

Loan Approval from the SBA

Of the total $62,000 loan amount, the SBA guaranteed $49,600.

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 business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Determining Proper Capital Structure for a Business

Where to Get an SBA Loan in Plymouth, Minnesota

Where to Get an SBA Loan Minnesota