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May 13, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Barron, Business Loans > Sterling Bank Barron Business Loans > Drinking Places Loan | ||||
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Wisconsin SBA Banks
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Barron, Wisconsin Bank Lends Money to Drinking Places Company in Cumberland, WisconsinThinking about meeting with a Barron, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Barron bank, that was approved by the SBA. Applying for an SBA loan with Sterling Bank worked out well for our friends at one local company in Cumberland, Wisconsin. They got an SBA loan for $100,000. Great job! SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender STERLING BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5813 - Drinking Places NAICS Code 722410 - Drinking Places Loan Approval Date 4/13/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. 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 6 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Sterling Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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: Obtaining Funding - Getting Venture Capital
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