Business Loan from First National Community Bank Given to Auto And Home Supply Stores Company

An SBA loan from First National Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a New Richmond, Wisconsin business owner got a $329,000 loan.

This growing company knew how to go about getting a business bank loan. Based in New Richmond, Wisconsin, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was First National Community Bank, based in New Richmond, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: AUTO AND HOME SUPPLY STORES
NEW RICHMOND, WI 54017

SBA Loan Lender

FIRST NATIONAL COMMUNITY BANK
109 E 2ND ST
NEW RICHMOND, WI 54017

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

11/12/2003

Loan Approval Gross Amount

$329,000

Loan Approval from the SBA

Of the total $329,000 loan amount, the SBA guaranteed $246,750.

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 only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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.

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