Small Business Loans for Cut Stone and Stone Product Manufacturing
Looking for small business loans for cut stone and stone product manufacturing? The SBA may be the answer. This $700,000 cut stone and stone product manufacturing loan was issued by a Wisconsin bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fond Du Lac, Wisconsin was able to borrow $700,000 from Hometown Bank. The SBA made the loan possible by guaranteeing $525,000 of this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: CUT STONE AND STONE PRODUCTS
FOND DU LAC, WI 54936
SBA Loan Lender
HOMETOWN BANK
80 SHEBOYGAN ST
FOND DU LAC, WI 54935
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3281 - Cut Stone and Stone Products
NAICS Code
327991 - Cut Stone and Stone Product Manufacturing
Loan Approval Date
7/28/2004
Loan Approval Gross Amount
$700,000
Loan Approval from the SBA
Of the total $700,000 loan amount, the SBA guaranteed $525,000.
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 21 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Hometown Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Startup Funding Tip
SBA 7A Banks in Fond Du Lac, Wisconsin
SBA Lenders in Wisconsin