Elk Mound, Wisconsin Bank Lends Money to Cash Grains, N.E.C Company in Elk Mound, Wisconsin

Want to talk with an Elk Mound, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by an Elk Mound bank, that was approved by the SBA.

Applying for an SBA loan with Independence State Bank worked out well for our friends at one local business in Elk Mound, Wisconsin. They received an SBA loan for $2,000,000. Sweet!

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

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to our country's hard-working small business owners.

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

9/13/2004

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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 16 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must 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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Elk Mound, Wisconsin

Wisconsin SBA 7A Lenders