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December 22, 2024 |
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| Home > Small Business Lenders by State > Illinois Business Loan Sources > Rhinelander, Business Loans > Associated Bank Rhinelander Business Loans > Business Services Loan | ||||
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SBA Lender Rhinelander, Wisconsin
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Entrepreneur Works With Rhinelander, Wisconsin Bank to Get an SBA LoanA Rhinelander, Wisconsin SBA loan can be yours. Learn how a company got a $475,000 business loan from this Wisconsin bank. This loan to a local firm is a good example of an SBA loan. Associated Bank made the loan and the SBA guaranteed a portion of the loan. Many other Illinois entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender ASSOCIATED BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 561421 - Telephone Answering Services Loan Approval Date 2/13/2001 Loan Approval Gross Amount $475,000 Loan Approval from the SBA Of the total $475,000 loan amount, the SBA guaranteed $356,250. 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 60 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 in Rhinelander, Wisconsin
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