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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Madison, Business Loans > Anchorbank, Fsb Madison Business Loans > Beauty Shops Loan | ||||
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Madison Business Loans from Anchorbank, Fsb
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Anchorbank, Fsb SBA Loan to Beauty Shops CompanyAnchorbank, Fsb has a track record as a leading provider of SBA loans. Find out how this Wisconsin entrepreneur received an SBA loan from them. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Anchorbank, Fsb, out of Madison, Wisconsin. The loan was granted and they received $394,000 to help grow their Madison, Wisconsin business. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender ANCHORBANK, FSB This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 10/6/2005 Loan Approval Gross Amount $394,000 Loan Approval from the SBA Of the total $394,000 loan amount, the SBA guaranteed $295,500. 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Anchorbank, Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Anchorbank, Fsb 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: SBA Banks in Madison, Wisconsin
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