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May 11, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Berlin, Business Loans > 1st National Bank - Berlin Berlin Business Loans > Rv Parks And Campgrounds Loan | ||||
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Beloit, Wisconsin Bank Loan
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Financing for RV Parks and CampgroundsLooking for commercial loans for rv parks and campgrounds? The SBA may be the answer. This $228,375 rv parks and campgrounds loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Beloit, Wisconsin was able to borrow $228,375 from 1st National Bank - Berlin. The SBA made the loan possible by guaranteeing $114,187 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: RV PARKS AND CAMPGROUNDS SBA Loan Lender 1ST NATIONAL BANK - BERLIN This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 721211 - RV Parks and Campgrounds Loan Approval Date 10/19/2007 Loan Approval Gross Amount $228,375 Loan Approval from the SBA Of the total $228,375 loan amount, the SBA guaranteed $114,187. 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 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. 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 1st National Bank - Berlin 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: Where to Get an SBA Loan in Berlin, Wisconsin
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