Drinking Places Small Business Loans

With these small business loans for drinking places, the SBA guarantees the lender that the loan will be repaid. This drinking places loan for $36,700 was given to a Wisconsin entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in La Crosse, Wisconsin was able to borrow $36,700 from Associated Bank. The SBA made the loan possible by guaranteeing $18,350 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
LA CROSSE, WI 54601

SBA Loan Lender

ASSOCIATED BANK
200 N ADAMS ST
GREEN BAY, WI 54301

The lender provided this SBA small business 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

722410 - Drinking Places

Loan Approval Date

7/31/2007

Loan Approval Gross Amount

$36,700

Loan Approval from the SBA

Of the total $36,700 loan amount, the SBA guaranteed $18,350.

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 no employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Associated Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Associated Bank 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:

How to Raise Money

Small Business Banks in Green Bay, Wisconsin

Getting a Business Loan in Wisconsin