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May 10, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Union Grove, Business Loans > Community State Bank Union Grove Business Loans > Commercial And Institutional Building Construction Loan | ||||
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Union Grove Bank Loan
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Union Grove, Wisconsin Bank Lends Money to Commercial And Institutional Building Construction Company in Salem, WisconsinGet to know Union Grove, Wisconsin banks that specialize in SBA loans and know how to work with entrepreneurs. Community State Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Salem, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Community State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION SBA Loan Lender COMMUNITY STATE BANK 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. NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 9/28/2005 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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 documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Salem WI, you ought to talk with a local Salem SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salem businesses. This SBA loan was for $80,000. How would you spend $80,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Good Banks for Small Business in Union Grove, Wisconsin SBA Participating Banks in Wisconsin
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