Ridgestone Bank SBA Loan to Gift, Novelty, And Souvenir Stores Company

An SBA loan from Ridgestone Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Berlin, Wisconsin business owner got a $578,500 loan.

This business knew how to go about getting a business bank loan. Based in New Berlin, Wisconsin, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Ridgestone Bank, based in Brookfield, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES
NEW BERLIN, WI 53146

SBA Loan Lender

RIDGESTONE BANK
13925 W NORTH AVE
BROOKFIELD, WI 53005

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

4/4/2007

Loan Approval Gross Amount

$578,500

Loan Approval from the SBA

Of the total $578,500 loan amount, the SBA guaranteed $433,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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