Business Loan from First Banking Center Given to Home Health Care Services Company

An SBA loan from First Banking Center typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lake Geneva, Wisconsin business owner got a $108,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Lake Geneva, Wisconsin, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was First Banking Center, based in Burlington, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
LAKE GENEVA, WI 53147

SBA Loan Lender

FIRST BANKING CENTER
400 MILWAUKEE AVE
BURLINGTON, WI 53105

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

8082 - Home Health Care Services

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

10/11/2002

Loan Approval Gross Amount

$108,000

Loan Approval from the SBA

Of the total $108,000 loan amount, the SBA guaranteed $91,800.

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 5 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Borrowing Money from Friends and Family

SBA 7A Banks in Burlington, Wisconsin

Wisconsin SBA 7A Banks