Advantage Community Bank SBA Loan to Eating Places Company
Searching for a Wisconsin SBA loan? Here's one Wisconsin business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in Dorchester, Wisconsin, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Advantage Community Bank, based in Dorchester, Wisconsin.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
DORCHESTER, WI 54411
SBA Loan Lender
ADVANTAGE COMMUNITY BANK
101 W CENTER ST
DORCHESTER, WI 54425
This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
3/6/2000
Loan Approval Gross Amount
$123,000
Loan Approval from the SBA
Of the total $123,000 loan amount, the SBA guaranteed $92,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:
Business Cash Advances
Best Dorchester, Wisconsin Banks for Small Business
SBA Lenders in Wisconsin