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November 23, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Cadott, Business Loans > Citizens State Bank Cadott Business Loans > Commercial Photography Loan | ||||
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Cadott, Wisconsin SBA 7A Banks
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Cadott, Wisconsin Bank Gives SBA Loan to Commercial Photography CompanyThinking about meeting with a Cadott, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Cadott bank, that was approved by the SBA. Applying for an SBA loan with Citizens State Bank worked out well for our friends at one local company in Chippewa Falls, Wisconsin. The business was able to get an SBA loan for $40,000. Way to go! SBA Loan Borrower COMPANY TYPE: COMMERCIAL PHOTOGRAPHY SBA Loan Lender CITIZENS STATE BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program requires 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 7/14/2000 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $32,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $40,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 7A Banks for Cadott, Wisconsin Loans
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