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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Manitowoc, Business Loans > Bank First National Manitowoc Business Loans > Water, Sewer, And Utility Lines Loan | ||||
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Manitowoc SBA Lenders
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Manitowoc, Wisconsin Bank Gives SBA Loan to Water, Sewer, And Utility Lines CompanyGet SBA loans from a Manitowoc, Wisconsin bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Bank First National is a Manitowoc, Wisconsin small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Wisconsin company. SBA Loan Borrower COMPANY TYPE: WATER, SEWER, AND UTILITY LINES SBA Loan Lender BANK FIRST NATIONAL 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 1623 - Water, Sewer, and Utility Lines NAICS Code 234910 - Water, Sewer, and Pipeline Construction Loan Approval Date 12/23/2003 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to 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. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Bank First National 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: Banking Deregulation's Effects on Entrepreneurship SBA 7A Banks for Manitowoc, Wisconsin Loans
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