Entrepreneur Works With Eau Claire, Wisconsin Bank to Get an SBA Loan

Thinking about meeting with an Eau Claire, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by an Eau Claire bank, that was approved by the SBA.

Applying for an SBA loan with Alliance Bank worked out well for our friends at one local firm in Eau Claire, Wisconsin. They received an SBA loan for $95,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
EAU CLAIRE, WI 54701

SBA Loan Lender

ALLIANCE BANK
2728 MALL DR
EAU CLAIRE, WI 54701

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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

7299 - Personal Services

NAICS Code

812990 - Personal Services

Loan Approval Date

2/9/2007

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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.

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