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November 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Mineral Point, Business Loans > Farmers Savings Bank Mineral Point Business Loans > Food Stores Loan | ||||
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Wisconsin Bank SBA Loans
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Farmers Savings Bank SBA Loan to Food Stores CompanyAn SBA loan from Farmers Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mineral Point, Wisconsin business owner got a $19,800 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mineral Point, Wisconsin was able to borrow $19,800 from Farmers Savings Bank. The SBA made the loan possible by guaranteeing $16,830 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: FOOD STORES SBA Loan Lender FARMERS SAVINGS BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5499 - Food Stores NAICS Code 446191 - Food Supplement Stores Loan Approval Date 8/23/2001 Loan Approval Gross Amount $19,800 Loan Approval from the SBA Of the total $19,800 loan amount, the SBA guaranteed $16,830. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA Banks in Mineral Point, Wisconsin
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