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 $110,700 was given to a Wisconsin entrepreneur in 2000.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Park Bank, out of Holmen, Wisconsin. The loan was granted and they received $110,700 to help grow their La Crosse, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
LA CROSSE, WI 54603

SBA Loan Lender

PARK BANK
1200 MAIN ST
HOLMEN, WI 54636

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

8/18/2000

Loan Approval Gross Amount

$110,700

Loan Approval from the SBA

Of the total $110,700 loan amount, the SBA guaranteed $83,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start business in La Crosse WI, you ought to talk with a local La Crosse SBA lender or talk with an out-of-area SBA lender that has previously loaned money to La Crosse businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

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Who Lends Money to Small Businesses in Holmen, Wisconsin

Wisconsin SBA Banks