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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Fitchburg, Business Loans > Oak Bank Fitchburg Business Loans > Drinking Places Loan | ||||
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Madison SBA Loans
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Oak Bank Gives SBA Loan to Drinking Places CompanyWisconsinBusiness loans are available to Wisconsin business owners through the SBA. In this case, a Wisconsin bank provides the loan. You can learn something about getting a small business loan in Madison, Wisconsin by studying this loan to a local business, made back in 2005. Banks like Oak Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender OAK BANK This SBA loan 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 5813 - Drinking Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 8/24/2005 Loan Approval Gross Amount $126,000 Loan Approval from the SBA Of the total $126,000 loan amount, the SBA guaranteed $107,100. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you have been wondering how do i get money to start a business in Madison WI, you ought to talk with a local Madison SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Madison 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: Dealing With Venture Capitalists SBA 7A Banks in Fitchburg, Wisconsin Getting a Business Loan in Wisconsin
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