Raising Money for Waste Management Services

With these bank loans for waste management services, the SBA guarantees the lender that the loan will be repaid. This waste management services loan for $150,000 was given to a Wisconsin entrepreneur in 2004.

This company knew how to go about getting a business bank loan. Based in Arpin, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was River Cities Bank, based in Wisconsin Rapids, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: WASTE MANAGEMENT SERVICES
ARPIN, WI 54410

SBA Loan Lender

RIVER CITIES BANK
1601 LINCOLN ST
WISCONSIN RAPIDS, WI 54494

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

562998 - Waste Management Services

Loan Approval Date

6/29/2004

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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you want money for new small business in Arpin WI, you ought to talk with a local Arpin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Arpin businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Microlending as a Small Business Funding Source

SBA Approved Banks in Wisconsin Rapids, Wisconsin

Wisconsin SBA Bank Lenders