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May 11, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Beloit, Business Loans > Blackhawk State Bank Beloit Business Loans > Homefurnishings Loan | ||||
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SBA Lenders in Beloit, Wisconsin
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SBA Loan from Blackhawk State Bank Helps Homefurnishings CompanyBlackhawk State Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level. This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Blackhawk State Bank, out of Beloit, Wisconsin. The loan was granted and they received $60,000 to help grow their Beloit, Wisconsin business. SBA Loan Borrower COMPANY TYPE: HOMEFURNISHINGS SBA Loan Lender BLACKHAWK STATE BANK 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 5023 - Homefurnishings NAICS Code 421220 - Home Furnishing Wholesalers Loan Approval Date 6/20/2001 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Blackhawk State Bank and they will explain how you can get an SBA loan for your company. 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 for Small Business in Beloit, Wisconsin
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