Financing for Air Purification Equipment Manufacturing

With these loans for air purification equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This air purification equipment manufacturing loan for $100,000 was given to a Wisconsin entrepreneur in 2007.

This small firm knew how to go about getting a business bank loan. Based in Racine, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Johnson Bank, based in Racine, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: AIR PURIFICATION EQUIPMENT MANUFACTURING
RACINE, WI 53404

SBA Loan Lender

JOHNSON BANK
555 MAIN ST
RACINE, WI 53403

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

333411 - Air Purification Equipment Manufacturing

Loan Approval Date

1/4/2007

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 11 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Racine WI, you ought to talk with a local Racine SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Racine businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Johnson 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.

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