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May 2, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Port Washington, Business Loans > Port Washington State Bank Port Washington Business Loans > Manufacturing Industries Loan | ||||
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We Needed a Business Loan in Milwaukee, Wisconsin and We Got One!
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Raising Money for ManufacturingLooking for bank loans for manufacturing? Try the SBA. This $296,467 manufacturing loan was issued by a Wisconsin bank. Getting a small business loan in Milwaukee, Wisconsin was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Port Washington State Bank, operating out of Port Washington, Wisconsin. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING INDUSTRIES SBA Loan Lender PORT WASHINGTON STATE BANK This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3999 - Manufacturing Industries NAICS Code 339999 - Manufacturing Loan Approval Date 7/8/2003 Loan Approval Gross Amount $296,467 Loan Approval from the SBA Of the total $296,467 loan amount, the SBA guaranteed $222,350. 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 only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Port Washington State Bank and they will explain how you can get an SBA loan for your company. 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 Small Business Banks in Port Washington, Wisconsin
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