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May 8, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Little Chute, Business Loans > Blc Community Bank Little Chute Business Loans > Retail Bakeries Loan | ||||
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SBA Lenders for Appleton Business Owners
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Blc Community Bank Gives Business Loan to Retail Bakeries CompanyBusiness loans in Wisconsin are tough to come by these days. We take a look at one Wisconsin business loan, provided by a Wisconsin bank, that was approved by the SBA. Getting a small business loan in Appleton, Wisconsin was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Blc Community Bank. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender BLC COMMUNITY BANK This lender issued this particular loan for a small business 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 5461 - Retail Bakeries NAICS Code 445291 - Baked Goods Stores Loan Approval Date 8/19/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, anyone can do it... so why not you? 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 Little Chute, Wisconsin Banks for Small Business
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