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May 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Spring Green, Business Loans > The Peoples Community Bank Spring Green Business Loans > Drug Stores And Proprietary Stores Loan | ||||
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The Peoples Community Bank SBA Loans
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The Peoples Community Bank SBA Loan to Drug Stores And Proprietary Stores CompanyThe Peoples Community Bank has a track record as a leading provider of SBA loans. Find out how this Wisconsin entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Spring Green, Wisconsin was able to borrow $543,970 from The Peoples Community Bank. The SBA made the loan possible by guaranteeing $407,978 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: DRUG STORES AND PROPRIETARY STORES SBA Loan Lender THE PEOPLES COMMUNITY BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5912 - Drug Stores and Proprietary Stores NAICS Code 446110 - Pharmacies and Drug Stores Loan Approval Date 3/22/2002 Loan Approval Gross Amount $543,970 Loan Approval from the SBA Of the total $543,970 loan amount, the SBA guaranteed $407,978. 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 7 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Peoples Community 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: Borrowing Money from Friends and Family SBA 7A Banks for Spring Green, Wisconsin Loans
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