Waterloo, Wisconsin Bank Gives SBA Loan to Drinking Places Company

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

Applying for an SBA loan with Farmers & Merchants State Bank worked out well for our friends at one local business in Waterloo, Wisconsin. They received an SBA loan for $133,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
WATERLOO, WI 53594

SBA Loan Lender

FARMERS & MERCHANTS STATE BANK
210 W MADISON ST
WATERLOO, WI 53594

This business 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

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

1/13/2006

Loan Approval Gross Amount

$133,000

Loan Approval from the SBA

Of the total $133,000 loan amount, the SBA guaranteed $113,050.

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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $133,000. How would you spend $133,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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