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May 9, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Union Grove, Business Loans > Community State Bank Union Grove Business Loans > Floor Covering Stores Loan | ||||
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Getting a Commercial Loan from Community State Bank
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Community State Bank SBA Loan to Floor Covering Stores CompanyCommunity State Bank has a track record as a leading provider of SBA loans. Find out how this Wisconsin entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Waterford, Wisconsin, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Community State Bank, based in Union Grove, Wisconsin. SBA Loan Borrower COMPANY TYPE: FLOOR COVERING STORES SBA Loan Lender COMMUNITY STATE BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5713 - Floor Covering Stores NAICS Code 442210 - Floor Covering Stores Loan Approval Date 1/28/2003 Loan Approval Gross Amount $44,500 Loan Approval from the SBA Of the total $44,500 loan amount, the SBA guaranteed $37,825. 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $44,500. How would you spend $44,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA Approved Banks in Union Grove, Wisconsin Find an SBA Lender in Wisconsin
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