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May 16, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > New London, Business Loans > The First State Bank New London Business Loans > Furniture Stores Loan | ||||
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The First State Bank Loans
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Full-Service Restaurants Commercial LoansLooking for commercial loans for full-service restaurants? The SBA may be the answer. This $157,600 full-service restaurants loan was issued by a Wisconsin bank. This business knew how to go about getting a business bank loan. Based in Dale, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was The First State Bank, based in New London, Wisconsin. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender THE FIRST STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5712 - Furniture Stores NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/8/2004 Loan Approval Gross Amount $157,600 Loan Approval from the SBA Of the total $157,600 loan amount, the SBA guaranteed $118,200. 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 only one employee. The SBA loan documents did not indicate that the small business promised to use the money to hire new 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Banks for Small Business in New London, Wisconsin
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