Business Loan from Investors Community Bank Given to Jewelry Stores Company
An SBA loan from Investors Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Manitowoc, Wisconsin business owner got a $100,000 loan.
This growing company knew how to go about getting a business bank loan. Based in Manitowoc, Wisconsin, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Investors Community Bank, based in Manitowoc, Wisconsin.
SBA Loan Borrower
COMPANY TYPE: JEWELRY STORES
Manitowoc, WI 54220
SBA Loan Lender
INVESTORS COMMUNITY BANK
860 N RAPIDS RD
MANITOWOC, WI 54220
This SBA small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
448310 - Jewelry Stores
Loan Approval Date
11/14/2006
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 4 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 $100,000 loan. Remember, you control your own destiny.
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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