Bank Loans for Camera and Photographic Supplies Stores

With these bank loans for camera and photographic supplies stores, the SBA guarantees the lender that the loan will be repaid. This camera and photographic supplies stores loan for $150,000 was given to a Wisconsin entrepreneur in 2003.

Getting a small business loan in Watertown, Wisconsin was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Bank Financial Centre, operating out of Hartford, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: CAMERA AND PHOTOGRAPHIC SUPPLY STORES
WATERTOWN, WI 53094

SBA Loan Lender

FIRST BANK FINANCIAL CENTRE
940 BELL AVE
HARTFORD, WI 53029

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5946 - Camera and Photographic Supply Stores

NAICS Code

443130 - Camera and Photographic Supplies Stores

Loan Approval Date

6/6/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 15 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Bank Financial Centre 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.

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