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May 13, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sheboygan, Business Loans > Community Bank & Trust Sheboygan Business Loans > Construction Material Merchant Wholesalers Loan | ||||
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SBA Lenders Wisconsin
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Sheboygan, Wisconsin Bank Lends Money to Construction Material Merchant Wholesalers Company in Fond Du Lac, WisconsinThinking about meeting with a Sheboygan, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Sheboygan bank, that was approved by the SBA. Applying for an SBA loan with Community Bank & Trust worked out well for our friends at one local business in Fond Du Lac, Wisconsin. They received an SBA loan for $50,000. Awesome! SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MATERIAL MERCHANT WHOLESALERS SBA Loan Lender COMMUNITY BANK & TRUST The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423390 - Construction Material Merchant Wholesalers Loan Approval Date 6/28/2007 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. 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 15 employees. The SBA loan application for the borrower indicated that the loan would help retain 13 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Community Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Lenders in Sheboygan, Wisconsin
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