Borrowing Money for Mobile Food Services
Looking for small business loans for mobile food services? Talk to a banker who works with the SBA. This $45,000 mobile food services loan was issued by a Wisconsin bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sheboygan, Wisconsin was able to borrow $45,000 from Community Bank & Trust. The SBA made the loan possible by guaranteeing $38,250 of this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS
SHEBOYGAN, WI 53081
SBA Loan Lender
COMMUNITY BANK & TRUST
604 N EIGHTH ST
SHEBOYGAN, WI 53081
This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5963 - Direct Selling Establishments
NAICS Code
722330 - Mobile Food Services
Loan Approval Date
2/26/2002
Loan Approval Gross Amount
$45,000
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $38,250.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 2 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Realistic Debt Financing Options
SBA Participating Banks in Sheboygan, Wisconsin
Getting an SBA Loan in Wisconsin