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November 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Antigo, Business Loans > Covantage Cu Antigo Business Loans > Eating Places Loan | ||||
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Wisconsin SBA Lenders
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Antigo, Wisconsin Lender Lends Money to Eating Places CompanyWant to talk with an Antigo, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by an Antigo bank, that was approved by the SBA. Applying for an SBA loan with Covantage Cu worked out well for our friends at one local firm in Rhinelander, Wisconsin. The business was able to get an SBA loan for $79,000. Way to go! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender COVANTAGE CU This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/9/2003 Loan Approval Gross Amount $79,000 Loan Approval from the SBA Of the total $79,000 loan amount, the SBA guaranteed $67,150. 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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in Antigo, Wisconsin
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