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May 17, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Waupaca, Business Loans > Farmers St. Bank - Waupaca Waupaca Business Loans > Eating Places Loan | ||||
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Small Business Loans from Farmers St. Bank - Waupaca
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SBA Loan from Farmers St. Bank - Waupaca Helps Eating Places CompanyAn SBA loan from Farmers St. Bank - Waupaca typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Weyauwega, Wisconsin business owner got a $150,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Weyauwega, Wisconsin was able to borrow $150,000 from Farmers St. Bank - Waupaca. The SBA made the loan possible by guaranteeing $112,500 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FARMERS ST. BANK - WAUPACA This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 8/18/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 18 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Weyauwega or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Participating Banks in Waupaca, Wisconsin
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