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December 20, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Oconomowoc, Business Loans > First Bank Financial Centre Oconomowoc Business Loans > Bed-And-Breakfast Inns Loan | ||||
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Oconomowoc Lenders
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Oconomowoc, Wisconsin Bank Lends Money to Bed-And-Breakfast Inns Company in Oconomowoc, WisconsinAn Oconomowoc, Wisconsin SBA loan can be yours. Learn how a company got a $602,800 business loan from this Wisconsin bank. This loan to an entrepreneur is a good example of an SBA loan. First Bank Financial Centre made the loan and the SBA guaranteed a portion of the loan. Many other Wisconsin entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BED-AND-BREAKFAST INNS SBA Loan Lender FIRST BANK FINANCIAL CENTRE Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721191 - Bed-and-Breakfast Inns Loan Approval Date 7/12/2006 Loan Approval Gross Amount $602,800 Loan Approval from the SBA Of the total $602,800 loan amount, the SBA guaranteed $452,100. 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 11 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 9 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $602,800 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Borrow Money SBA 7A Banks for Oconomowoc, Wisconsin Loans SBA Participating Banks in Wisconsin
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