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May 8, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Neenah, Business Loans > 1st National Bank - Fox Valley Neenah Business Loans > Hotels And Motels Loan | ||||
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Neenah, Wisconsin SBA Lenders
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Neenah, Wisconsin Bank Lends Money to Hotels And Motels Company in Algoma, WisconsinThinking about meeting with a Neenah, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Neenah bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank - Fox Valley worked out well for our friends at one local company in Algoma, Wisconsin. The business was able to get an SBA loan for $252,000. Nice! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender 1ST NATIONAL BANK - FOX VALLEY This SBA loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 711110 - Theater Companies and Dinner Theaters Loan Approval Date 7/12/2005 Loan Approval Gross Amount $252,000 Loan Approval from the SBA Of the total $252,000 loan amount, the SBA guaranteed $189,000. 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 5 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Neenah, Wisconsin Where to Get an SBA Loan Wisconsin
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