Wausau, Wisconsin Lender Lends Money to Coin-Operated Amusement Devices Company

Want to talk with a Wausau, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Wausau bank, that was approved by the SBA.

Applying for an SBA loan with Peoples State Bank worked out well for our friends at one local firm in Wausau, Wisconsin. They received an SBA loan for $91,800. Awesome!

SBA Loan Borrower

COMPANY TYPE: COIN-OPERATED AMUSEMENT DEVICES
WAUSAU, WI 54401

SBA Loan Lender

PEOPLES STATE BANK
1905 STEWART AVE
WAUSAU, WI 54401

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7993 - Coin-Operated Amusement Devices

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

4/24/2001

Loan Approval Gross Amount

$91,800

Loan Approval from the SBA

Of the total $91,800 loan amount, the SBA guaranteed $78,030.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

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

Related Links:

Raising Venture Capital

SBA Banks in Wausau, Wisconsin

Wisconsin SBA Banks