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May 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Berlin, Business Loans > 1st National Bank - Berlin Berlin Business Loans > Wood Window And Door Manufacturing Loan | ||||
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Business Loans for Winneconne Small Businesses
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How to Get a Loan for Wood Window and Door ManufacturingLooking for business loans for wood window and door manufacturing? Talk to a banker who works with the SBA. This $150,000 wood window and door manufacturing loan was issued by a Wisconsin bank. Getting a small business loan in Winneconne, Wisconsin was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Berlin, operating out of Berlin, Wisconsin. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: WOOD WINDOW AND DOOR MANUFACTURING SBA Loan Lender 1ST NATIONAL BANK - BERLIN This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321911 - Wood Window and Door Manufacturing Loan Approval Date 5/11/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Lenders in Berlin, Wisconsin Browse All Business Loan Sources for Wisconsin
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