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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Neillsville, Business Loans > Citizens State Bank Of Loyal Neillsville Business Loans > Wood Household Furniture Loan | ||||
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Banks in Neillsville, Wisconsin That Make SBA Loans
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Neillsville, Wisconsin Lender Lends Money to Wood Household Furniture CompanyA Neillsville, Wisconsin business loan can be yours. Learn how a company got a $186,000 business loan from this Wisconsin bank. This loan to an entrepreneur is a good example of an SBA loan. Citizens State Bank Of Loyal made the loan and the SBA guaranteed a portion of the loan. Many other Wisconsin 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: WOOD HOUSEHOLD FURNITURE SBA Loan Lender CITIZENS STATE BANK OF LOYAL This debt financing 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 2511 - Wood Household Furniture NAICS Code 337122 - Nonupholstered Wood Household Furniture Manufacturing Loan Approval Date 5/27/2004 Loan Approval Gross Amount $186,000 Loan Approval from the SBA Of the total $186,000 loan amount, the SBA guaranteed $139,500. 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 application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens State Bank Of Loyal had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens State Bank Of Loyal made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Borrow Money Best Neillsville, Wisconsin Banks for Small Business
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