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November 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Fond Du Lac, Business Loans > Hometown Bank Fond Du Lac Business Loans > Used Car Dealers Loan | ||||
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We Needed a Business Loan in Wautoma, Wisconsin and We Got One!
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SBA Loans for Used Car DealersLooking for SBA loans for used car dealers? Try the SBA. This $250,000 used car dealers loan was issued by a Wisconsin bank. This business knew how to go about getting a business bank loan. Based in Wautoma, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Hometown Bank, based in Fond Du Lac, Wisconsin. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender HOMETOWN BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441120 - Used Car Dealers Loan Approval Date 10/26/2007 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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. Related Links: SBA Banks in Fond Du Lac, Wisconsin
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