Business Loan from Community First Cu Given to Drinking Places Company

An SBA loan from Community First Cu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Menasha, Wisconsin business owner got a $209,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Menasha, Wisconsin was able to borrow $209,000 from Community First Cu. The SBA made the loan possible by guaranteeing $156,750 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
MENASHA, WI 54952

SBA Loan Lender

COMMUNITY FIRST CU
2626 S ONEIDA ST
APPLETON, WI 54915

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/31/2001

Loan Approval Gross Amount

$209,000

Loan Approval from the SBA

Of the total $209,000 loan amount, the SBA guaranteed $156,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees 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.

We can help you find the best banks for small businesses in Menasha or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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