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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Holmen, Business Loans > River Bank Holmen Business Loans > Lawn And Garden Services Loan | ||||
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Wisconsin SBA Banks
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Holmen, Wisconsin Lender Lends Money to Lawn And Garden Services CompanyA Holmen, Wisconsin small business loan can be yours. Learn how one firm got a $50,000 business loan from this Wisconsin bank. This loan to a local firm is a good example of an SBA loan. River Bank made the loan and the SBA guaranteed a portion of the loan. Many other Wisconsin entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender RIVER BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 2/7/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 5 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start business in Holmen WI, you ought to talk with a local Holmen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Holmen businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like River Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Obtaining Funding - How to Decide How Much to Raise Find an SBA Lender in Holmen, Wisconsin
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