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December 19, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Cross Plains, Business Loans > State Bank Of Cross Plains Cross Plains Business Loans > Animal Specialty Services Loan | ||||
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Small Business Banks for Spring Green Small Businesses
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Growing Company Gets a Wisconsin Business LoanWisconsinBank loans are available to Wisconsin firms through the SBA. In this case, a Wisconsin bank provides the loan. Getting a small business loan in Spring Green, Wisconsin was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from State Bank Of Cross Plains. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: ANIMAL SPECIALTY SERVICES SBA Loan Lender STATE BANK OF CROSS PLAINS This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0752 - Animal Specialty Services NAICS Code 812910 - Pet Care Services Loan Approval Date 8/2/2004 Loan Approval Gross Amount $463,000 Loan Approval from the SBA Of the total $463,000 loan amount, the SBA guaranteed $347,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. State Bank Of Cross Plains had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, State Bank Of Cross Plains 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: Who Lends Money to Small Businesses in Cross Plains, Wisconsin
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