 |
 |
May 1, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > San Diego, Business Loans > U.S. Bank National Association San Diego Business Loans > Boat Dealers Loan | ||||
 |
||||
New Richmond SBA Loans
|
||||
 |
U.S. Bank National Association Gives Small Business Loan to Boat Dealers CompanyWould a Wisconsin SBA loan help your business get to the next level? If so, you may want to talk with this California bank, which offers SBA loans to Wisconsin entrepreneurs. This business, based in New Richmond, Wisconsin, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from U.S. Bank National Association. We've got the inside scoop on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: BOAT DEALERS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION At the time this loan was granted, the lender participated in the SBA's Certified Lenders Program (CLP). This program aims to provide speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5551 - Boat Dealers NAICS Code 441222 - Boat Dealers Loan Approval Date 10/27/2005 Loan Approval Gross Amount $1,059,000 Loan Approval from the SBA Of the total $1,059,000 loan amount, the SBA guaranteed $794,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 U.S. Bank National Association 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: Who Lends Money to Small Businesses in San Diego, California Find an SBA Lender in California
|
|
||
|
||||
|
|
||||