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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > New London, Business Loans > The First State Bank New London Business Loans > General Automotive Repair Shops Loan | ||||
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Manawa, Wisconsin Bank for SBA Loans
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The First State Bank Gives SBA Loan to General Automotive Repair Shops CompanyWisconsinBusiness loans are available to Wisconsin business owners through the SBA. In this case, a Wisconsin bank provides the loan. By giving the right information to The First State Bank, this Manawa, Wisconsin business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender THE FIRST STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 7/24/2006 Loan Approval Gross Amount $134,671 Loan Approval from the SBA Of the total $134,671 loan amount, the SBA guaranteed $114,470. 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 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned 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 provide smart, affordable business financing for small businesses looking to expand. 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: Who Lends Money to Small Businesses in New London, Wisconsin
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