Getting an SBA Loan for Sporting Goods Stores
Looking for commercial loans for sporting goods stores? Try the SBA. This $137,250 sporting goods stores loan was issued by a Wisconsin bank.
This business knew how to go about getting a business bank loan. Based in Spring Green, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Peoples Community Bank, based in Mazomanie, Wisconsin.
SBA Loan Borrower
COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
SPRING GREEN, WI 53588
SBA Loan Lender
THE PEOPLES COMMUNITY BANK
222 W COMMERCIAL ST
MAZOMANIE, WI 53560
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
5941 - Sporting Goods Stores and Bicycle Shops
NAICS Code
451110 - Sporting Goods Stores
Loan Approval Date
12/23/2002
Loan Approval Gross Amount
$137,250
Loan Approval from the SBA
Of the total $137,250 loan amount, the SBA guaranteed $116,662.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 6 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $137,250 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
The Art of Bootstrapping
SBA 7A Banks in Mazomanie, Wisconsin
Getting an SBA Loan in Wisconsin