North Shore Bank, Fsb SBA Loan to Furniture Stores Company

North Shore Bank, Fsb is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans.

This growing company knew how to go about getting a business bank loan. Based in Fish Creek, Wisconsin, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was North Shore Bank, Fsb, based in Brookfield, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
FISH CREEK, WI 54212

SBA Loan Lender

NORTH SHORE BANK, FSB
15700 W BLUEMOUND RD
BROOKFIELD, WI 53005

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

Loan Approval Date

7/13/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 12 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Fish Creek WI, you ought to talk with a local Fish Creek SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fish Creek businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like North Shore Bank, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Accountant's Role in Securing Financing

Small Business Banks in Brookfield, Wisconsin

SBA Lenders in Wisconsin