Mineral Point, Wisconsin Bank Lends Money to Convenience Stores Company in Highland, Wisconsin

Want to talk with a Mineral Point, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Mineral Point bank, that was approved by the SBA.

Applying for an SBA loan with Farmers Savings Bank worked out well for our friends at one local firm in Highland, Wisconsin. They received an SBA loan for $50,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
HIGHLAND, WI 53543

SBA Loan Lender

FARMERS SAVINGS BANK
305 DOTY ST
MINERAL POINT, WI 53565

This lender issued this particular bank 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.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

12/21/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 15 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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 Decide How Much to Raise

SBA Participating Banks in Mineral Point, Wisconsin

Wisconsin SBA 7A Lenders