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May 16, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sun Prairie, Business Loans > Bank Of Sun Prairie Sun Prairie Business Loans > Limited-Service Restaurants Loan | ||||
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Business Loans from Bank Of Sun Prairie
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Business Loan from Bank Of Sun Prairie Given to Limited-Service Restaurants CompanyAn SBA loan from Bank Of Sun Prairie typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cottage Grove, Wisconsin business owner got a $110,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cottage Grove, Wisconsin was able to borrow $110,000 from Bank Of Sun Prairie. The SBA made the loan possible by guaranteeing $93,500 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender BANK OF SUN PRAIRIE This lender issued this particular commercial 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. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 2/3/2005 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $110,000. How would you spend $110,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Realistic Debt Financing Options Good Banks for Small Business in Sun Prairie, Wisconsin
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