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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Portage, Business Loans > Associated Bank Portage Business Loans > Eating Places Loan | ||||
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Associated Bank Small Business Montello
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Business Loan from Associated Bank Given to Eating Places CompanyAssociated Bank has a track record as a leading provider of SBA loans. Find out how this Wisconsin entrepreneur received an SBA loan from them. This small firm knew how to go about getting a business bank loan. Based in Montello, Wisconsin, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Associated Bank, based in Portage, Wisconsin. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ASSOCIATED BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/19/2001 Loan Approval Gross Amount $117,500 Loan Approval from the SBA Of the total $117,500 loan amount, the SBA guaranteed $99,875. 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 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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: SBA 7A Banks in Portage, Wisconsin SBA Participating Banks in Wisconsin
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