Where to Get Capital for Heating Oil Dealers

With these SBA loans for heating oil dealers, the SBA guarantees the lender that the loan will be repaid. This heating oil dealers loan for $1,436,500 was given to a Wisconsin entrepreneur in 2005.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Cornerstone Community Bank, out of Grafton, Wisconsin. The loan was granted and they received $1,436,500 to help grow their Watertown, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: HEATING OIL DEALERS
WATERTOWN, WI 53094

SBA Loan Lender

CORNERSTONE COMMUNITY BANK
2090 WISCONSIN AVE
GRAFTON, WI 53024

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454311 - Heating Oil Dealers

Loan Approval Date

9/20/2005

Loan Approval Gross Amount

$1,436,500

Loan Approval from the SBA

Of the total $1,436,500 loan amount, the SBA guaranteed $1,077,375.

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 no employees. The SBA loan documents indicated that the funding would help generate 4 new jobs.

Next Steps for Getting an SBA Loan

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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