How to Get a Loan for Direct Selling Establishments

With these SBA loans for direct selling establishments, the SBA guarantees the lender that the loan will be repaid. This direct selling establishments loan for $60,000 was given to a Wisconsin entrepreneur in 2004.

This small business knew how to go about getting a business bank loan. Based in Malone, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Hometown Bank, based in Fond Du Lac, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
MALONE, WI 53049

SBA Loan Lender

HOMETOWN BANK
80 SHEBOYGAN ST
FOND DU LAC, WI 54935

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

12/27/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours 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:

Small Business Credit Cards

Find an SBA Lender in Fond Du Lac, Wisconsin

Getting a Business Loan in Wisconsin