Banks Of Wisconsin SBA Loan to Chiropractors Company
Banks Of Wisconsin and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kenosha, Wisconsin was able to borrow $47,500 from Banks Of Wisconsin. The SBA made the loan possible by guaranteeing $40,375 of this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: CHIROPRACTORS
KENOSHA, WI 53142
SBA Loan Lender
BANKS OF WISCONSIN
5117 GREEN BAY RD
KENOSHA, WI 53144
This lender issued this particular SBA 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
621310 - Chiropractors
Loan Approval Date
9/3/2004
Loan Approval Gross Amount
$47,500
Loan Approval from the SBA
Of the total $47,500 loan amount, the SBA guaranteed $40,375.
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 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Banks Of Wisconsin had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Banks Of Wisconsin made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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:
Small Business Loan
SBA Approved Banks in Kenosha, Wisconsin
Getting an SBA Loan in Wisconsin