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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sheboygan, Business Loans > Community Bank & Trust Sheboygan Business Loans > Gasoline Stations With Convenience Stores Loan | ||||
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Community Bank & Trust
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Whitewater, Wisconsin Business Gets SBA-Guaranteed Funding from Community Bank & TrustAn SBA loan from Community Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Whitewater, Wisconsin business owner got a $690,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Community Bank & Trust, out of Sheboygan, Wisconsin. The loan was granted and they received $690,000 to help grow their Whitewater, Wisconsin business. SBA Loan Borrower COMPANY TYPE: GASOLINE STATIONS WITH CONVENIENCE STORES SBA Loan Lender COMMUNITY BANK & TRUST 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 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 12/20/2004 Loan Approval Gross Amount $690,000 Loan Approval from the SBA Of the total $690,000 loan amount, the SBA guaranteed $517,500. 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. 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. While you may be able to find other ways to get money to start a business, 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: How Much Venture Capital Is There? Good Banks for Small Business in Sheboygan, Wisconsin
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