Chilton, Wisconsin Bank Lends Money to Gasoline Service Stations Company in Racine, Wisconsin
A Chilton, Wisconsin business loan can be yours. Learn how a company got a $883,300 business loan from this Wisconsin bank.
This loan to an entrepreneur is a good example of an SBA loan. State Bank Of Chilton 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: GASOLINE SERVICE STATIONS
RACINE, WI 53402
SBA Loan Lender
STATE BANK OF CHILTON
26 E MAIN ST
CHILTON, WI 53014
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5541 - Gasoline Service Stations
NAICS Code
531120 - Lessors of Nonresidential Buildings
Loan Approval Date
3/8/2002
Loan Approval Gross Amount
$883,300
Loan Approval from the SBA
Of the total $883,300 loan amount, the SBA guaranteed $662,475.
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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank Of Chilton 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.
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