Financing for Drinking Places

With these loans for drinking places, the SBA guarantees the lender that the loan will be repaid. This drinking places loan for $410,000 was given to a Wisconsin entrepreneur in 2004.

Getting a small business loan in Oconomowoc, Wisconsin was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Bank Financial Centre, operating out of Oconomowoc, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
OCONOMOWOC, WI 53066

SBA Loan Lender

FIRST BANK FINANCIAL CENTRE
155 W WISCONSIN AVE
OCONOMOWOC, WI 53066

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

10/22/2004

Loan Approval Gross Amount

$410,000

Loan Approval from the SBA

Of the total $410,000 loan amount, the SBA guaranteed $307,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 7 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Oconomowoc WI, you ought to talk with a local Oconomowoc SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Oconomowoc businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Bank Financial Centre had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Bank Financial Centre made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Advice on Getting a Small Business Loan

SBA Approved Banks in Oconomowoc, Wisconsin

Wisconsin SBA Banks