Warehouse Clubs and Superstores SBA Loans

With these SBA loans for warehouse clubs and superstores, the SBA guarantees the lender that the loan will be repaid. This warehouse clubs and superstores loan for $150,000 was given to a Wisconsin entrepreneur in 2003.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Town Bank, out of Hartland, Wisconsin. The loan was granted and they received $150,000 to help grow their Hartland, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
HARTLAND, WI 53029

SBA Loan Lender

TOWN BANK
850 W NORTH SHORE DR
HARTLAND, WI 53029

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

NAICS Code

452910 - Warehouse Clubs and Superstores

Loan Approval Date

5/22/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Town Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Family and Friend Investors - Your First Financiers

Find an SBA Lender in Hartland, Wisconsin

Getting an SBA Loan in Wisconsin