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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Burlington, Business Loans > First Banking Center Burlington Business Loans > Offices And Clinics Of Chiropractors Loan | ||||
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SBA Lenders in Burlington, Wisconsin
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Business Loan from First Banking Center Given to Offices And Clinics Of Chiropractors CompanyAn SBA loan from First Banking Center typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Burlington, Wisconsin business owner got a $148,268 loan. This business knew how to go about getting a business bank loan. Based in Burlington, Wisconsin, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was First Banking Center, based in Burlington, Wisconsin. SBA Loan Borrower COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS SBA Loan Lender FIRST BANKING CENTER This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8041 - Offices and Clinics of Chiropractors NAICS Code 621310 - Chiropractors Loan Approval Date 11/7/2003 Loan Approval Gross Amount $148,268 Loan Approval from the SBA Of the total $148,268 loan amount, the SBA guaranteed $126,027. 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 4 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Small Bank Loans in Burlington, Wisconsin
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