Weyauwega, Wisconsin Business Gets SBA-Guaranteed Funding from Kimcentral Cu

An SBA loan from Kimcentral Cu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Weyauwega, Wisconsin business owner got a $70,122 loan.

Getting a small business loan in Weyauwega, Wisconsin was an essential business goal for this small business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Kimcentral Cu, operating out of Neenah, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
WEYAUWEGA, WI 54983

SBA Loan Lender

KIMCENTRAL CU
625 DEERWOOD AVE
NEENAH, WI 54956

This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

Loan Approval Date

3/23/2000

Loan Approval Gross Amount

$70,122

Loan Approval from the SBA

Of the total $70,122 loan amount, the SBA guaranteed $56,098.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels 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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Kimcentral Cu and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Business Credit Evaluation

SBA 7A Lenders in Neenah, Wisconsin

Wisconsin SBA 7A Banks