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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > New London, Business Loans > The First State Bank New London Business Loans > Eating Places Loan | ||||
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Wisconsin SBA Banks
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New London, Wisconsin Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with a New London, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a New London bank, that was approved by the SBA. Applying for an SBA loan with The First State Bank worked out well for our friends at one local company in Waupaca, Wisconsin. The business was able to get an SBA loan for $50,000. Way to go! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender THE FIRST STATE BANK 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 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 3/26/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in New London, Wisconsin
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