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May 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Appleton, Business Loans > Community First Cu Appleton Business Loans > Automotive Repair Shops Loan | ||||
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Appleton, Wisconsin SBA Lenders
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Appleton, Wisconsin Lender Lends Money to Automotive Repair Shops CompanyThinking about meeting with an Appleton, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by an Appleton bank, that was approved by the SBA. Applying for an SBA loan with Community First Cu worked out well for our friends at one local firm in Hilbert, Wisconsin. They got an SBA loan for $205,355. Sweet! SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR SHOPS SBA Loan Lender COMMUNITY FIRST CU At the time this loan was granted, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to give fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7539 - Automotive Repair Shops NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 3/10/2005 Loan Approval Gross Amount $205,355 Loan Approval from the SBA Of the total $205,355 loan amount, the SBA guaranteed $154,016. 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 only one employee. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $205,355 loan. Remember, anyone can do it... so why not 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: How Much Venture Capital Is There? Small Business Banks in Appleton, Wisconsin
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