Store Retailers Bank Loans

Looking for bank loans for store retailers? Try the SBA. This $39,300 store retailers loan was issued by a Wisconsin bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New London, Wisconsin was able to borrow $39,300 from The Business Bank. The SBA made the loan possible by guaranteeing $33,405 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
NEW LONDON, WI 54961

SBA Loan Lender

THE BUSINESS BANK
5643 WATERFORD LN
APPLETON, WI 54912

This lender issued this particular SBA bank 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.

NAICS Code

453998 - Store Retailers

Loan Approval Date

1/24/2005

Loan Approval Gross Amount

$39,300

Loan Approval from the SBA

Of the total $39,300 loan amount, the SBA guaranteed $33,405.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

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

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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Business Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Obtaining Funding - How to Decide How Much to Raise

Find an SBA Lender in Appleton, Wisconsin

SBA Wisconsin Banks