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May 16, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Schofield, Business Loans > Intercity State Bank Schofield Business Loans > Personal Services Loan | ||||
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SBA Lender Schofield
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Schofield, Wisconsin Bank Lends Money to Personal Services Company in Wausau, WisconsinA Schofield, Wisconsin business loan can be yours. Learn how a business got a $64,420 business loan from this Wisconsin bank. This loan to an entrepreneur is a good example of an SBA loan. Intercity State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Wisconsin entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender INTERCITY STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services NAICS Code 812199 - Personal Care Services Loan Approval Date 2/24/2003 Loan Approval Gross Amount $64,420 Loan Approval from the SBA Of the total $64,420 loan amount, the SBA guaranteed $54,757. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. 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 promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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:
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