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May 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Stoddard, Business Loans > River Bank Stoddard Business Loans > Family Clothing Stores Loan | ||||
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Wisconsin SBA Banks
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Stoddard, Wisconsin Bank Gives SBA Loan to Family Clothing Stores CompanyGet to know Stoddard, Wisconsin banks that specialize in SBA loans and know how to work with entrepreneurs. River Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Osceola, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from River Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: FAMILY CLOTHING STORES SBA Loan Lender RIVER BANK The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 448140 - Family Clothing Stores Loan Approval Date 11/29/2005 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $7,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the borrowed money would help generate 1 new job. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. 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 River 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Stoddard, Wisconsin
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