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May 12, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Tomah, Business Loans > Acuity Bank Tomah Business Loans > Retail Bakeries Loan | ||||
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Wisconsin Bank SBA Loans
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Acuity Bank SBA Loan to Retail Bakeries CompanyWant a Wisconsin business loan? Here's one Wisconsin business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kendall, Wisconsin was able to borrow $70,000 from Acuity Bank. The SBA made the loan possible by guaranteeing $56,000 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender ACUITY BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves 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 5461 - Retail Bakeries Loan Approval Date 7/26/2000 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $56,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Acuity Bank and they will explain how you can get an SBA loan for your company. 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 Lenders in Tomah, Wisconsin
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