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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Oconomowoc, Business Loans > First Bank Financial Centre Oconomowoc Business Loans > Beauty Shops Loan | ||||
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Requirements for Entrepreneurs On Getting a Loan
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Commercial Loans for Funeral Homes and Funeral ServicesLooking for commercial loans for funeral homes and funeral services? An SBA loan may be just what you've been looking for. This $1,118,613 funeral homes and funeral services loan was issued by a Wisconsin bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First Bank Financial Centre, out of Oconomowoc, Wisconsin. The loan was granted and they received $1,118,613 to help grow their Delafield, Wisconsin business. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender FIRST BANK FINANCIAL CENTRE SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 12/6/2005 Loan Approval Gross Amount $1,118,613 Loan Approval from the SBA Of the total $1,118,613 loan amount, the SBA guaranteed $838,960. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 140 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Oconomowoc, Wisconsin
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