Barron, Wisconsin Bank Gives SBA Loan to Tire Retreading And Repair Shops Company

Thinking about meeting with a Barron, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Barron bank, that was approved by the SBA.

Applying for an SBA loan with Sterling Bank worked out well for our friends at one local business in Barron, Wisconsin. The business was able to get an SBA loan for $650,000. Nice!

SBA Loan Borrower

COMPANY TYPE: TIRE RETREADING AND REPAIR SHOPS
BARRON, WI 54812

SBA Loan Lender

STERLING BANK
234 E LASALLE AVE
BARRON, WI 54812

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7534 - Tire Retreading and Repair Shops

NAICS Code

441320 - Tire Dealers

Loan Approval Date

7/31/2001

Loan Approval Gross Amount

$650,000

Loan Approval from the SBA

Of the total $650,000 loan amount, the SBA guaranteed $487,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 18 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Barron or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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