Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Wisconsin Rapids, Wisconsin Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Financing for Septic Tank and Related Services

Looking for loans for septic tank and related services? An SBA loan may be just what you've been looking for. This $41,250 septic tank and related services loan was issued by a Wisconsin bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with River Cities Bank, out of Wisconsin Rapids, Wisconsin. The loan was granted and they received $41,250 to help grow their Wisconsin Rapids, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES
WISCONSIN RAPIDS, WI 54494

SBA Loan Lender

RIVER CITIES BANK
1601 LINCOLN ST
WISCONSIN RAPIDS, WI 54494

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7699 - Repair Shops and Related Services

NAICS Code

562991 - Septic Tank and Related Services

Loan Approval Date

5/8/2002

Loan Approval Gross Amount

$41,250

Loan Approval from the SBA

Of the total $41,250 loan amount, the SBA guaranteed $35,062.

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 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like River Cities Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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