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May 16, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Wisconsin Rapids, Business Loans > Woodtrust Bank Wisconsin Rapids Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Wisconsin Rapids Bank Loan
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Wisconsin Rapids, Wisconsin Lender Lends Money to Fitness And Recreational Sports Centers CompanyWant to talk with a Wisconsin Rapids, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Wisconsin Rapids bank, that was approved by the SBA. Applying for an SBA loan with Woodtrust Bank worked out well for our friends at one local firm in Wisconsin Rapids, Wisconsin. The business was able to get an SBA loan for $50,000. Sweet! SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender WOODTRUST BANK This was a Low Documentation SBA loan. The SBA created 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. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 2/20/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great source of funding. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 7A Banks in Wisconsin Rapids, Wisconsin
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