Financing for Flour Milling
Looking for loans for flour milling? Talk to a banker who works with the SBA. This $150,000 flour milling loan was issued by a Wisconsin bank.
This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with 1st National Bank - River Falls, out of River Falls, Wisconsin. The loan was granted and they received $150,000 to help grow their Hudson, Wisconsin business.
SBA Loan Borrower
COMPANY TYPE: FLOUR AND OTHER GRAIN MILL PRODUCTS
HUDSON, WI 54016
SBA Loan Lender
1ST NATIONAL BANK - RIVER FALLS
104 E LOCUST ST
RIVER FALLS, WI 54022
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2041 - Flour and Other Grain Mill Products
NAICS Code
311211 - Flour Milling
Loan Approval Date
8/18/2003
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
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 1st National Bank - River Falls 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.
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SBA Lenders in Wisconsin