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May 2, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Glendale, Business Loans > Associated Bank Glendale Business Loans > Eating Places Loan | ||||
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SBA Lenders Wisconsin
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Glendale, Wisconsin Lender Lends Money to Eating Places CompanyThinking about meeting with a Glendale, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Glendale bank, that was approved by the SBA. Applying for an SBA loan with Associated Bank worked out well for our friends at one local business in Milwaukee, Wisconsin. The business was able to get an SBA loan for $282,500. Sweet! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender ASSOCIATED BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 6/28/2000 Loan Approval Gross Amount $282,500 Loan Approval from the SBA Of the total $282,500 loan amount, the SBA guaranteed $211,875. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Where to Get an SBA Loan in Glendale, Wisconsin Getting an SBA Loan in Wisconsin
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