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May 19, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Hager City, Business Loans > Hiawatha National Bank Hager City Business Loans > Metalworking Machinery Loan | ||||
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Wisconsin SBA 7A Lenders
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Hager City, Wisconsin Lender Lends Money to Metalworking Machinery CompanyGet to know Hager City, Wisconsin banks that specialize in SBA loans and know how to work with entrepreneurs. Hiawatha National Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Bay City, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Hiawatha National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: METALWORKING MACHINERY SBA Loan Lender HIAWATHA NATIONAL BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3549 - Metalworking Machinery NAICS Code 333518 - Metalworking Machinery Manufacturing Loan Approval Date 10/31/2001 Loan Approval Gross Amount $34,617 Loan Approval from the SBA Of the total $34,617 loan amount, the SBA guaranteed $29,424. 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. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your 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. 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 $34,617 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 Hager City, Wisconsin
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