Postharvest Crop Activities SBA Loans

Looking for SBA loans for postharvest crop activities? Talk to a banker who works with the SBA. This $2,000,000 postharvest crop activities loan was issued by a Wisconsin bank.

This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Independence State Bank, out of Elk Mound, Wisconsin. The loan was granted and they received $2,000,000 to help grow their Elk Mound, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: CASH GRAINS, N.E.C
ELK MOUND, WI 54739

SBA Loan Lender

INDEPENDENCE STATE BANK
E401 MENOMONIE ST, L E HWY 12
ELK MOUND, WI 54739

This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0119 - Cash Grains, N.E.C

NAICS Code

115114 - Postharvest Crop Activities

Loan Approval Date

9/20/2005

Loan Approval Gross Amount

$2,000,000

Loan Approval from the SBA

Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.

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 16 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Independence State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Microlending as a Small Business Funding Source

SBA Banks in Elk Mound, Wisconsin

Wisconsin SBA 7A Lenders