Business Loan from Associated Bank Given to Sewing, Needlework, And Piece Goods Stores Company
Associated Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level.
This business knew how to go about getting a business bank loan. Based in Menasha, Wisconsin, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Associated Bank, based in Neenah, Wisconsin.
SBA Loan Borrower
COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES
MENASHA, WI 54952
SBA Loan Lender
ASSOCIATED BANK
100 W WISCONSIN AVE
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
5949 - Sewing, Needlework, and Piece Goods Stores
NAICS Code
451130 - Sewing, Needlework, and Piece Goods Stores
Loan Approval Date
11/8/2002
Loan Approval Gross Amount
$65,000
Loan Approval from the SBA
Of the total $65,000 loan amount, the SBA guaranteed $55,250.
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 3 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are working on finding money to start a business in Menasha WI, you ought to talk with a local Menasha SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Menasha businesses.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Banking Deregulation's Effects on Entrepreneurship
Where to Get an SBA Loan in Neenah, Wisconsin
SBA Lenders in Wisconsin