Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

La Crosse Bank Loan

 

 
Loan Census SBA Loan Info

Entrepreneur Works With La Crosse, Wisconsin Bank to Get an SBA Loan

Get business loans from a La Crosse, Wisconsin bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

River Bank is a La Crosse, Wisconsin small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Minnesota company.

SBA Loan Borrower

COMPANY TYPE: MARINAS
BROWNSVILLE, MN 55919

SBA Loan Lender

RIVER BANK
4401 MORMON COULEE RD
LA CROSSE, WI 54601

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4493 - Marinas

NAICS Code

713930 - Marinas

Loan Approval Date

12/18/2002

Loan Approval Gross Amount

$134,000

Loan Approval from the SBA

Of the total $134,000 loan amount, the SBA guaranteed $113,900.

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 SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $134,000 loan. Remember, anyone can do it... so why not you?

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:

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Best La Crosse, Wisconsin Banks for Small Business

SBA Lenders in Wisconsin