Loan Census Banking News and Information
May 17, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Sussex, Wisconsin

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Prefabricated Metal Building and Component Manufacturing

Looking for commercial loans for prefabricated metal building and component manufacturing? An SBA loan may be just what you've been looking for. This $174,900 prefabricated metal building and component manufacturing loan was issued by a Wisconsin bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Foundations Bank, out of Pewaukee, Wisconsin. The loan was granted and they received $174,900 to help grow their Sussex, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: PREFABRICATED METAL BUILDING AND COMPONENT MANUFACTURING
SUSSEX, WI 53089

SBA Loan Lender

FOUNDATIONS BANK
N35 W23770 HIGHFIELD CT STE 1
PEWAUKEE, WI 53072

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

332311 - Prefabricated Metal Building and Component Manufacturing

Loan Approval Date

6/11/2007

Loan Approval Gross Amount

$174,900

Loan Approval from the SBA

Of the total $174,900 loan amount, the SBA guaranteed $87,450.

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 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

Don't forget. To get an SBA loan, you must 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 business, the SBA has special programs for you. We've put a spotlight on this loan from Foundations Bank 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:

Family and Friend Investors - Your First Financiers

Who Lends Money to Small Businesses in Pewaukee, Wisconsin

Wisconsin SBA 7A Lenders