De Forest, Wisconsin Bank Lends Money to Liquor Stores Company in Monona, Wisconsin

Thinking about meeting with a De Forest, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a De Forest bank, that was approved by the SBA.

Applying for an SBA loan with Dmb Community Bank worked out well for our friends at one local firm in Monona, Wisconsin. They received an SBA loan for $198,000. Nice!

SBA Loan Borrower

COMPANY TYPE: LIQUOR STORES
MONONA, WI 53716

SBA Loan Lender

DMB COMMUNITY BANK
321 N MAIN
DE FOREST, WI 53532

This 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.

SIC Code

5921 - Liquor Stores

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

11/20/2000

Loan Approval Gross Amount

$198,000

Loan Approval from the SBA

Of the total $198,000 loan amount, the SBA guaranteed $148,500.

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 12 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $198,000 loan. Remember, where there is a will, there is a way!

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:

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SBA 7A Banks in De Forest, Wisconsin

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