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May 16, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Prairie Du Chien, Business Loans > Peoples State Bank Prairie Du Chien Business Loans > Plastics Products Loan | ||||
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Peoples State Bank
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Boscobel, Wisconsin Business Gets SBA-Guaranteed Funding from Peoples State BankPeoples State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Boscobel, Wisconsin, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Peoples State Bank, based in Prairie Du Chien, Wisconsin. SBA Loan Borrower COMPANY TYPE: PLASTICS PRODUCTS SBA Loan Lender PEOPLES STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3089 - Plastics Products NAICS Code 326299 - Rubber Product Manufacturing Loan Approval Date 8/15/2005 Loan Approval Gross Amount $241,000 Loan Approval from the SBA Of the total $241,000 loan amount, the SBA guaranteed $180,750. 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. This SBA loan request did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $241,000. How would you spend $241,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: How Much Venture Capital Is There? SBA Approved Banks in Prairie Du Chien, Wisconsin SBA Participating Banks in Wisconsin
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