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April 30, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Spring Grove, Business Loans > Jennings State Bank Spring Grove Business Loans > Bottled And Canned Soft Drinks Loan | ||||
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How to Get SBA Loans in Spring Grove, Wisconsin
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Getting an SBA Loan for Soft Drink ManufacturingLooking for commercial loans for soft drink manufacturing? Try the SBA. This $81,405 soft drink manufacturing loan was issued by a Minnesota bank. Getting a small business loan in Spring Grove, Wisconsin was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Jennings State Bank, operating out of Spring Grove, Minnesota. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: BOTTLED AND CANNED SOFT DRINKS SBA Loan Lender JENNINGS STATE BANK 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 2086 - Bottled and Canned Soft Drinks NAICS Code 312111 - Soft Drink Manufacturing Loan Approval Date 11/20/2003 Loan Approval Gross Amount $81,405 Loan Approval from the SBA Of the total $81,405 loan amount, the SBA guaranteed $69,194. 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 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Jennings State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Jennings State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banks in Spring Grove, Minnesota
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