Wisconsin Business Loan Issued to Drapery, Curtain, And Upholstery Stores Company

Bank loans in Wisconsin are are few and far betweeen these days. We take a look at one Wisconsin bank loan, provided by a Wisconsin bank, that was approved by the SBA.

By giving the right information to 1st National Bank - Fox Valley, this Neenah, Wisconsin business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: DRAPERY, CURTAIN, AND UPHOLSTERY STORES
NEENAH, WI 54956

SBA Loan Lender

1ST NATIONAL BANK - FOX VALLEY
550 S GREEN BAY RD
NEENAH, WI 54956

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5714 - Drapery, Curtain, and Upholstery Stores

NAICS Code

442291 - Window Treatment Stores

Loan Approval Date

4/25/2003

Loan Approval Gross Amount

$38,000

Loan Approval from the SBA

Of the total $38,000 loan amount, the SBA guaranteed $32,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like 1st National Bank - Fox Valley and they will explain how you can get an SBA loan for your company.

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:

Bank Credit Lines

Where to Get an SBA Loan in Neenah, Wisconsin

Wisconsin SBA Banks