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May 13, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Reedsburg, Business Loans > Community Bank Group Reedsburg Business Loans > Petroleum And Petroleum Products Loan | ||||
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SBA Lender Reedsburg Wisconsin
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Community Bank Group Gives SBA Loan to Petroleum And Petroleum Products CompanyWisconsinSBA loans are available to Wisconsin entrepreneurs through the SBA. In this case, a Wisconsin bank provides the loan. You can learn something about getting a small business loan in Reedsburg, Wisconsin by studying this loan to a local business, made back in 2002. Banks like Community Bank Group may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS SBA Loan Lender COMMUNITY BANK GROUP The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5172 - Petroleum and Petroleum Products NAICS Code 422720 - Petroleum and Petroleum Products Wholesalers Loan Approval Date 12/19/2002 Loan Approval Gross Amount $283,000 Loan Approval from the SBA Of the total $283,000 loan amount, the SBA guaranteed $212,250. 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 3 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community Bank Group and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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
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