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May 8, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Neenah, Business Loans > 1st National Bank - Fox Valley Neenah Business Loans > Hardware Stores Loan | ||||
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Banks Doing SBA Loans in Wisconsin
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Entrepreneur Works With Neenah, Wisconsin Bank to Get an SBA LoanWant to talk with a Neenah, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Neenah bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank - Fox Valley worked out well for our friends at one local company in Menasha, Wisconsin. They received an SBA loan for $53,600. Great job! SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender 1ST NATIONAL BANK - FOX VALLEY This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. 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 11/4/2003 Loan Approval Gross Amount $53,600 Loan Approval from the SBA Of the total $53,600 loan amount, the SBA guaranteed $45,560. 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 funding 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 an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like 1st National Bank - Fox Valley are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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: Best Neenah, Wisconsin Banks for Small Business
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