1st National Bank - Fox Valley SBA Loan to Eating Places Company

Searching for a Wisconsin small business loan? Here's one Wisconsin business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Menasha, Wisconsin, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was 1st National Bank - Fox Valley, based in Neenah, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
MENASHA, WI 54952

SBA Loan Lender

1ST NATIONAL BANK - FOX VALLEY
550 S GREEN BAY RD
NEENAH, WI 54956

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/21/2000

Loan Approval Gross Amount

$114,000

Loan Approval from the SBA

Of the total $114,000 loan amount, the SBA guaranteed $85,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 60 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Determining Proper Capital Structure for a Business

SBA 7A Lenders in Neenah, Wisconsin

Wisconsin SBA 7A Banks