Financing for Jewelry Stores

With these commercial loans for jewelry stores, the SBA guarantees the lender that the loan will be repaid. This jewelry stores loan for $985,000 was given to a Minnesota entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Richfield, Minnesota, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was M&i Marshall & Ilsley Bank, based in Milwaukee, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
RICHFIELD, MN 55423

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

2/28/2002

Loan Approval Gross Amount

$985,000

Loan Approval from the SBA

Of the total $985,000 loan amount, the SBA guaranteed $738,750.

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 11 employees. The SBA loan documents indicated that the loan would help retain 11 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Alternative Financing

Best Banks for Small Business in Milwaukee, Wisconsin

Browse All Business Loan Sources for Wisconsin