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May 3, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Holmen, Business Loans > Park Bank Holmen Business Loans > Holmen Hardware Loan | ||||
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Holmen, Wisconsin Bank Loan
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Holmen, WI Entrepreneur Gets SBA Loan to Buy Hardware Hank FranchiseNeed money to buy a Hardware Hank franchise? Park Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Holmen, Wisconsin needed money to invest in a Hardware Hank franchise back in 2005. Park Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower HOLMEN HARDWARE SBA Loan Lender PARK BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5251 - Hardware Stores NAICS Code 444130 - Hardware Stores Loan Approval Date 9/13/2005 Loan Approval Gross Amount $1,652,233 Loan Approval from the SBA Of the total $1,652,233 loan amount, the SBA guaranteed $1,239,174. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hardware Hank franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Park Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Park Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Bank Loans in Holmen, Wisconsin
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