Financing for Used Merchandise Stores
Looking for commercial loans for used merchandise stores? An SBA loan may be just what you've been looking for. This $145,000 used merchandise stores loan was issued by an Illinois bank.
Getting a small business loan in Portage, Wisconsin was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Amcore Bank, operating out of Rockford, Illinois. Here are the details on this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: USED MERCHANDISE STORES
PORTAGE, WI 53901
SBA Loan Lender
AMCORE BANK
501 SEVENTH ST
ROCKFORD, IL 61104
This lender issued this particular bank 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.
SIC Code
5932 - Used Merchandise Stores
NAICS Code
453310 - Used Merchandise Stores
Loan Approval Date
2/27/2002
Loan Approval Gross Amount
$145,000
Loan Approval from the SBA
Of the total $145,000 loan amount, the SBA guaranteed $123,250.
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 3 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you want money for new small business in Portage WI, you ought to talk with a local Portage SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Portage businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Amcore 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:
How to Raise Money
Small Bank Loans in Rockford, Illinois
Illinois SBA 7A Banks