Pharmacies and Drug Stores Bank Loans

With these bank loans for pharmacies and drug stores, the SBA guarantees the lender that the loan will be repaid. This pharmacies and drug stores loan for $500,000 was given to a Wisconsin entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Reedsburg, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Community Bank Group, based in Reedsburg, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: PHARMACIES AND DRUG STORES
REEDSBURG, WI 53961

SBA Loan Lender

COMMUNITY BANK GROUP
201 MAIN ST
REEDSBURG, WI 53959

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

11/8/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. The loan application indicated that the funding would help create 15 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Reedsburg WI, you ought to talk with a local Reedsburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Reedsburg businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank Group and they will explain how you can get an SBA loan for your company.

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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