 |
 |
May 18, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sturgeon Bay, Business Loans > Baylake Bank Sturgeon Bay Business Loans > Men's And Boys' Clothing And Accessory Stores Loan | ||||
 |
||||
SBA Lender Green Bay Wisconsin
|
||||
 |
Raising Money for Clothing Accessories StoresLooking for business loans for clothing accessories stores? The SBA may be the answer. This $75,000 clothing accessories stores loan was issued by a Wisconsin bank. Getting a small business loan in Green Bay, Wisconsin was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Baylake Bank, operating out of Sturgeon Bay, Wisconsin. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: MEN'S AND BOYS' CLOTHING AND ACCESSORY STORES SBA Loan Lender BAYLAKE BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring 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 5611 - Men's and Boys' Clothing and Accessory Stores NAICS Code 448150 - Clothing Accessories Stores Loan Approval Date 10/10/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 7 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Baylake Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Sturgeon Bay, Wisconsin
|
|
||
|
||||
|
|
||||