Local Business Gets a Wisconsin Bank Loan
WisconsinBusiness loans are available to Wisconsin business owners through the SBA. In this case, a Wisconsin bank provides the loan.
You can learn something about getting a small business loan in Menesha, Wisconsin by studying this loan to a local business, made back in 2001. Banks like Associated Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR SHOPS
MENESHA, WI 54952
SBA Loan Lender
ASSOCIATED BANK
1000 FRANKLIN ST
MANITOWOC, WI 54220
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5947 - Gift, Novelty, and Souvenir Shops
NAICS Code
453220 - Gift, Novelty, and Souvenir Stores
Loan Approval Date
1/31/2001
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $68,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 6 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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:
The Friends and Family Network
SBA 7A Lenders in Manitowoc, Wisconsin
Browse All Business Loan Sources for Wisconsin