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May 10, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Whitewater, Business Loans > First Citizens State Bank Whitewater Business Loans > Lawn And Garden Services Loan | ||||
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SBA Lenders Wisconsin
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Whitewater, Wisconsin Bank Gives SBA Loan to Lawn And Garden Services CompanyWant to talk with a Whitewater, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Whitewater bank, that was approved by the SBA. Applying for an SBA loan with First Citizens State Bank worked out well for our friends at one local business in New Berlin, Wisconsin. They received an SBA loan for $80,000. Way to go! SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender FIRST CITIZENS STATE BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. 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. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 4/24/2001 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. 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 First Citizens State 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: Small Bank Loans in Whitewater, Wisconsin
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