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May 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Spring Green, Business Loans > The Peoples Community Bank Spring Green Business Loans > Eating Places Loan | ||||
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The Peoples Community Bank
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Business Loan from The Peoples Community Bank Given to Eating Places CompanyAn SBA loan from The Peoples Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Madison, Wisconsin business owner got a $120,000 loan. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with The Peoples Community Bank, out of Spring Green, Wisconsin. The loan was granted and they received $120,000 to help grow their Madison, Wisconsin business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender THE PEOPLES COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 4/2/2002 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 17 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 in Spring Green, Wisconsin
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