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May 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Eau Claire, Business Loans > Anchorbank, Fsb Eau Claire Business Loans > Motion Picture And Video Tape Production Loan | ||||
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SBA Lender Eau Claire Wisconsin
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Anchorbank, Fsb Gives Business Loan to Motion Picture And Video Tape Production CompanySmall business loans in Wisconsin are hard to find these days. We take a look at one Wisconsin small business loan, provided by a Wisconsin bank, that was approved by the SBA. This business, based in Eau Claire, Wisconsin, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Anchorbank, Fsb. We've got the inside scoop on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: MOTION PICTURE AND VIDEO TAPE PRODUCTION SBA Loan Lender ANCHORBANK, FSB This lender issued this particular business 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 7812 - Motion Picture and Video Tape Production NAICS Code 512110 - Motion Picture and Video Production Loan Approval Date 3/30/2001 Loan Approval Gross Amount $34,500 Loan Approval from the SBA Of the total $34,500 loan amount, the SBA guaranteed $29,325. 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 company promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 Anchorbank, Fsb 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: Small Business Banks in Eau Claire, Wisconsin
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