Mobile Food Services Loans

With these loans for mobile food services, the SBA guarantees the lender that the loan will be repaid. This mobile food services loan for $120,000 was given to a Wisconsin entrepreneur in 2006.

This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Park Bank, out of Brookfield, Wisconsin. The loan was granted and they received $120,000 to help grow their Milwaukee, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: MOBILE FOOD SERVICES
MILWAUKEE, WI 53233

SBA Loan Lender

PARK BANK
15850 W BLUEMOUND RD
BROOKFIELD, WI 53005

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722330 - Mobile Food Services

Loan Approval Date

7/27/2006

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

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 18 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 16 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Park Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Park Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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