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May 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > La Crosse, Business Loans > Park Bank La Crosse Business Loans > Hardware Loan | ||||
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What Does It Take to Get a Business Loan in Stoddard, Wisconsin?
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Hardware Stores Bank LoansWith these bank loans for hardware stores, the SBA guarantees the lender that the loan will be repaid. This hardware stores loan for $180,000 was given to a Wisconsin entrepreneur in 2002. This company knew how to go about getting a business bank loan. Based in Stoddard, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Park Bank, based in La Crosse, Wisconsin. SBA Loan Borrower COMPANY TYPE: HARDWARE SBA Loan Lender PARK BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5072 - Hardware NAICS Code 444130 - Hardware Stores Loan Approval Date 12/5/2002 Loan Approval Gross Amount $180,000 Loan Approval from the SBA Of the total $180,000 loan amount, the SBA guaranteed $135,000. 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. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Park Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Banks for Small Business in La Crosse, Wisconsin
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