 |
 |
November 23, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Stevens Point, Business Loans > The Pineries Bank Stevens Point Business Loans > Malt Beverages Loan | ||||
 |
||||
Advice for Small Business Owners On Getting a Loan
|
||||
 |
Commercial Loans for Spice and Extract ManufacturingLooking for commercial loans for spice and extract manufacturing? An SBA loan may be just what you've been looking for. This $84,000 spice and extract manufacturing loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Junction City, Wisconsin was able to borrow $84,000 from The Pineries Bank. The SBA made the loan possible by guaranteeing $71,400 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: MALT BEVERAGES SBA Loan Lender THE PINERIES BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2082 - Malt Beverages NAICS Code 311942 - Spice and Extract Manufacturing Loan Approval Date 1/4/2001 Loan Approval Gross Amount $84,000 Loan Approval from the SBA Of the total $84,000 loan amount, the SBA guaranteed $71,400. 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 4 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $84,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: How Much Venture Capital Is There? SBA 7A Lenders in Stevens Point, Wisconsin SBA Participating Banks in Wisconsin
|
|
||
|
||||
|
|
||||