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May 13, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Whitewater, Business Loans > First Citizens State Bank Whitewater Business Loans > Child Day Care Services Loan | ||||
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What Does It Take to Get a Business Loan in Whitewater, Wisconsin?
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Financing for Child Day Care ServicesWith these loans for child day care services, the SBA guarantees the lender that the loan will be repaid. This child day care services loan for $20,000 was given to a Wisconsin entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Whitewater, Wisconsin was able to borrow $20,000 from First Citizens State Bank. The SBA made the loan possible by guaranteeing $10,000 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FIRST CITIZENS STATE BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 624410 - Child Day Care Services Loan Approval Date 4/13/2005 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 loan application indicated that the loan would help generate 1 new job and retain 1 existing job. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Citizens State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Citizens 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: SBA 7A Banks in Whitewater, Wisconsin SBA Participating Banks in Wisconsin
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