Business Loans for Bowling Centers

With these business loans for bowling centers, the SBA guarantees the lender that the loan will be repaid. This bowling centers loan for $160,000 was given to a Wisconsin entrepreneur in 2006.

This small business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Abbybank, out of Abbotsford, Wisconsin. The loan was granted and they received $160,000 to help grow their Rothschild, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: BOWLING CENTERS
ROTHSCHILD, WI 54474

SBA Loan Lender

ABBYBANK
401 E SPRUCE ST
ABBOTSFORD, WI 54405

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

713950 - Bowling Centers

Loan Approval Date

3/29/2006

Loan Approval Gross Amount

$160,000

Loan Approval from the SBA

Of the total $160,000 loan amount, the SBA guaranteed $80,000.

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 18 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Abbybank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Abbybank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Abbotsford, Wisconsin

Where to Get an SBA Loan Wisconsin