Business Loan from First National Bank - Platteville Given to Drinking Places Company

An SBA loan from First National Bank - Platteville typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Platteville, Wisconsin business owner got a $380,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with First National Bank - Platteville, out of Platteville, Wisconsin. The loan was granted and they received $380,000 to help grow their Platteville, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
PLATTEVILLE, WI 53818

SBA Loan Lender

FIRST NATIONAL BANK - PLATTEVILLE
170 W MAIN ST
PLATTEVILLE, WI 53818

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

8/16/2000

Loan Approval Gross Amount

$380,000

Loan Approval from the SBA

Of the total $380,000 loan amount, the SBA guaranteed $285,000.

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 7 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Platteville that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Small Business Loan

SBA 7A Banks in Platteville, Wisconsin

Getting an SBA Loan in Wisconsin