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May 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Madison, Business Loans > First Business Bank Madison Business Loans > Video Tape Rental Loan | ||||
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SBA Lenders Wisconsin
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Madison, Wisconsin Bank Lends Money to Video Tape Rental Company in Janesville, WisconsinWant to talk with a Madison, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Madison bank, that was approved by the SBA. Applying for an SBA loan with First Business Bank worked out well for our friends at one local company in Janesville, Wisconsin. They got an SBA loan for $65,310. Sweet! SBA Loan Borrower COMPANY TYPE: VIDEO TAPE RENTAL SBA Loan Lender FIRST BUSINESS BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program requires 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 7841 - Video Tape Rental NAICS Code 532230 - Video Tape and Disc Rental Loan Approval Date 8/9/2002 Loan Approval Gross Amount $65,310 Loan Approval from the SBA Of the total $65,310 loan amount, the SBA guaranteed $55,513. 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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $65,310 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Banks for Madison, Wisconsin Loans
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