Borrowing Money for Book Stores

Looking for small business loans for book stores? An SBA loan may be just what you've been looking for. This $150,000 book stores loan was issued by a Wisconsin bank.

This small firm knew how to go about getting a business bank loan. Based in Lake Geneva, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First Banking Center, based in Lake Geneva, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
LAKE GENEVA, WI 53147

SBA Loan Lender

FIRST BANKING CENTER
567 BROAD ST
LAKE GENEVA, WI 53147

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

5942 - Book Stores

NAICS Code

451211 - Book Stores

Loan Approval Date

10/25/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

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

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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

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