Borrowing Money for Snack and Nonalcoholic Beverage Bars
Looking for bank loans for snack and nonalcoholic beverage bars? Try the SBA. This $114,000 snack and nonalcoholic beverage bars loan was issued by a Wisconsin bank.
This small firm knew how to go about getting a business bank loan. Based in Fort Atkinson, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Johnson Bank, based in Racine, Wisconsin.
SBA Loan Borrower
COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
FORT ATKINSON, WI 53538
SBA Loan Lender
JOHNSON BANK
555 MAIN ST
RACINE, WI 53403
This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
722213 - Snack and Nonalcoholic Beverage Bars
Loan Approval Date
2/10/2005
Loan Approval Gross Amount
$114,000
Loan Approval from the SBA
Of the total $114,000 loan amount, the SBA guaranteed $57,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs.
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.
Related Links:
Strategic Investors
SBA 7A Banks for Racine, Wisconsin Loans
SBA Lenders in Wisconsin