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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Cadott, Business Loans > Citizens State Bank Cadott Business Loans > Photography Studios, Portrait Loan | ||||
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Wisconsin Bank SBA Loans
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Entrepreneur Works With Cadott, Wisconsin Bank to Get an SBA LoanGet to know Cadott, Wisconsin banks that specialize in SBA loans and know how to work with entrepreneurs. Citizens State Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Chippewa Falls, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Citizens State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: PHOTOGRAPHY STUDIOS, PORTRAIT SBA Loan Lender CITIZENS STATE BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541921 - Photography Studios, Portrait Loan Approval Date 12/14/2004 Loan Approval Gross Amount $149,000 Loan Approval from the SBA Of the total $149,000 loan amount, the SBA guaranteed $126,650. 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 22 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citizens State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 7A Banks for Cadott, Wisconsin Loans
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