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May 12, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Beloit, Business Loans > 1st National Bank & Trust Beloit Business Loans > Business Services Loan | ||||
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1st National Bank & Trust Business Loans
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Loans for Personal ServicesLooking for loans for personal services? Try the SBA. This $150,000 personal services loan was issued by a Wisconsin bank. This company knew how to go about getting a business bank loan. Based in Beloit, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was 1st National Bank & Trust, based in Beloit, Wisconsin. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender 1ST NATIONAL BANK & TRUST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 812990 - Personal Services Loan Approval Date 6/26/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 63 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $150,000. How would you spend $150,000 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: Realistic Debt Financing Options SBA Participating Banks in Beloit, Wisconsin
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