Entrepreneur Works With Milwaukee, Wisconsin Bank to Get an SBA Loan

Want to talk with a Milwaukee, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Milwaukee bank, that was approved by the SBA.

Applying for an SBA loan with Layton State Bank worked out well for our friends at one local firm in Milwaukee, Wisconsin. The business was able to get an SBA loan for $802,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
MILWAUKEE, WI 53215

SBA Loan Lender

LAYTON STATE BANK
2740 W FOREST HOME AVE
MILWAUKEE, WI 53215

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

Loan Approval Date

9/12/2000

Loan Approval Gross Amount

$802,000

Loan Approval from the SBA

Of the total $802,000 loan amount, the SBA guaranteed $601,500.

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 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Layton State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Layton State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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