 |
 |
November 14, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > New London, Business Loans > The First State Bank New London Business Loans > Furniture Stores Loan | ||||
 |
||||
Wisconsin SBA Lenders
|
||||
 |
New London, Wisconsin Lender Lends Money to Furniture Stores CompanyA New London, Wisconsin SBA loan can be yours. Learn how a business got a $160,149 business loan from this Wisconsin bank. This loan to an entrepreneur is a good example of an SBA loan. The First State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Wisconsin entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender THE FIRST STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5712 - Furniture Stores NAICS Code 722410 - Drinking Places Loan Approval Date 2/14/2005 Loan Approval Gross Amount $160,149 Loan Approval from the SBA Of the total $160,149 loan amount, the SBA guaranteed $120,112. 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 company promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Participating Banks in New London, Wisconsin
|
|
||
|
||||
|
|
||||