Entrepreneur Works With Green Bay, Wisconsin Bank to Get an SBA Loan
Find Green Bay, Wisconsin banks that specialize in small business loans and know how to work with entrepreneurs. Bank First National is one such bank, as evidenced by this SBA loan to one business.
Finding a small business loan in Green Bay, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Bank First National. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
GREEN BAY, WI 54304
SBA Loan Lender
BANK FIRST NATIONAL
2865 S RIDGE RD
GREEN BAY, WI 54324
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5941 - Sporting Goods Stores and Bicycle Shops
NAICS Code
451110 - Sporting Goods Stores
Loan Approval Date
12/23/2003
Loan Approval Gross Amount
$84,000
Loan Approval from the SBA
Of the total $84,000 loan amount, the SBA guaranteed $71,400.
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. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Bank First National so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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.
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