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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 > Crop Farms Loan | ||||
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Good Banks for Richfield Small Business Owners
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Food Manufacturing Small Business LoansLooking for small business loans for food manufacturing? Try the SBA. This $250,000 food manufacturing loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richfield, Wisconsin was able to borrow $250,000 from First Bank Financial Centre. The SBA made the loan possible by guaranteeing $187,500 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: CROP FARMS SBA Loan Lender FIRST BANK FINANCIAL CENTRE The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0191 - Crop Farms NAICS Code 311999 - Food Manufacturing Loan Approval Date 2/23/2004 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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 15 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Banking Deregulation's Effects on Entrepreneurship Who Lends Money to Small Businesses in Oconomowoc, Wisconsin
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