Borrowing Money for Grocery and Related Products Wholesalers

With these small business loans for grocery and related products wholesalers, the SBA guarantees the lender that the loan will be repaid. This grocery and related products wholesalers loan for $350,000 was given to a Wisconsin entrepreneur in 2003.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with State Bank Financial, out of La Crosse, Wisconsin. The loan was granted and they received $350,000 to help grow their Eau Claire, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: GROCERIES, GENERAL LINE
EAU CLAIRE, WI 54703

SBA Loan Lender

STATE BANK FINANCIAL
401 MAIN ST
LA CROSSE, WI 54601

This lender issued this loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5141 - Groceries, General Line

NAICS Code

422490 - Grocery and Related Products Wholesalers

Loan Approval Date

6/23/2003

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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 7 employees. The loan application did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Eau Claire WI, you ought to talk with a local Eau Claire SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Eau Claire businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like State Bank Financial and they will explain how you can get an SBA loan for your company.

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:

A Company That Helps Entrepreneurs

Small Business Banks in La Crosse, Wisconsin

Browse All Business Loan Sources for Wisconsin