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November 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Stoddard, Business Loans > River Bank Stoddard Business Loans > Architectural Services Loan | ||||
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River Bank
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Holmen, Wisconsin Business Gets SBA-Guaranteed Funding from River BankAn SBA loan from River Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Holmen, Wisconsin business owner got a $75,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with River Bank, out of Stoddard, Wisconsin. The loan was granted and they received $75,000 to help grow their Holmen, Wisconsin business. SBA Loan Borrower COMPANY TYPE: ARCHITECTURAL SERVICES SBA Loan Lender RIVER BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541310 - Architectural Services Loan Approval Date 8/12/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 13 existing jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Raising VC Money for Social Networking Companies Best Banks in Stoddard, Wisconsin
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