First Bank Financial Centre SBA Loan to Lawn And Garden Services Company
First Bank Financial Centre is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans.
This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Bank Financial Centre, out of Hartford, Wisconsin. The loan was granted and they received $8,000 to help grow their Hartford, Wisconsin business.
SBA Loan Borrower
COMPANY TYPE: LAWN AND GARDEN SERVICES
HARTFORD, WI 53027
SBA Loan Lender
FIRST BANK FINANCIAL CENTRE
940 BELL AVE
HARTFORD, WI 53029
This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
0782 - Lawn and Garden Services
NAICS Code
561730 - Landscaping Services
Loan Approval Date
7/24/2002
Loan Approval Gross Amount
$8,000
Loan Approval from the SBA
Of the total $8,000 loan amount, the SBA guaranteed $6,800.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Many small businesses receive loans backed by the U.S. Small Business Administration.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Bank Financial Centre so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Business Credit Evaluation
Banks in Hartford, Wisconsin
SBA Lenders in Wisconsin