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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Green Bay, Business Loans > Bank Mutual Green Bay Business Loans > Testing Laboratories Loan | ||||
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WI Business Loan from Bank Mutual
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SBA Loan from Bank Mutual Helps Testing Laboratories CompanyBank Mutual and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Appleton, Wisconsin was an essential business goal for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Mutual, operating out of Green Bay, Wisconsin. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender BANK MUTUAL 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 involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8734 - Testing Laboratories NAICS Code 541380 - Testing Laboratories Loan Approval Date 1/9/2003 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $119,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Banks in Green Bay, Wisconsin
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