SBA Loan from Anchorbank, Fsb Helps Electrical Contractors And Wiring Installation Contractors Company
An SBA loan from Anchorbank, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Brookfield, Wisconsin business owner got a $1,687,000 loan.
This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Anchorbank, Fsb, out of Menomonee Falls, Wisconsin. The loan was granted and they received $1,687,000 to help grow their Brookfield, Wisconsin business.
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS
BROOKFIELD, WI 53005
SBA Loan Lender
ANCHORBANK, FSB
N78 W14651 APPLETON AVE
MENOMONEE FALLS, WI 53051
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238210 - Electrical Contractors and Wiring Installation Contractors
Loan Approval Date
5/15/2007
Loan Approval Gross Amount
$1,687,000
Loan Approval from the SBA
Of the total $1,687,000 loan amount, the SBA guaranteed $1,265,250.
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 41 employees. The SBA loan application for the borrower indicated that the loan would help retain 41 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,687,000 loan. Remember, fight for what you want, and it will be yours!
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:
Attracting Investors
Banks in Menomonee Falls, Wisconsin
Wisconsin SBA 7A Banks