Ripon, Wisconsin Lender Lends Money to Eating Places Company

Thinking about meeting with a Ripon, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Ripon bank, that was approved by the SBA.

Applying for an SBA loan with Horicon Bank worked out well for our friends at one local firm in Ripon, Wisconsin. The business was able to get an SBA loan for $185,000. Great job!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
RIPON, WI 54971

SBA Loan Lender

HORICON BANK
400 WATSON ST
RIPON, WI 54971

This bank 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

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/6/2003

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Ripon WI, you ought to talk with a local Ripon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ripon businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Horicon Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Credit Evaluation

SBA Banks in Ripon, Wisconsin

Wisconsin SBA 7A Banks