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May 13, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Port Washington, Business Loans > Port Washington State Bank Port Washington Business Loans > Repair Shops And Related Services Loan | ||||
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Small Business Banks for Belgium, Wisconsin Small Business Owners
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Commercial Loans for Personal and Household Goods Repair and MaintenanceWith these commercial loans for personal and household goods repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This personal and household goods repair and maintenance loan for $295,000 was given to a Wisconsin entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Belgium, Wisconsin was able to borrow $295,000 from Port Washington State Bank. The SBA made the loan possible by guaranteeing $221,250 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES SBA Loan Lender PORT WASHINGTON STATE BANK This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7699 - Repair Shops and Related Services NAICS Code 811490 - Personal and Household Goods Repair and Maintenance Loan Approval Date 11/2/2005 Loan Approval Gross Amount $295,000 Loan Approval from the SBA Of the total $295,000 loan amount, the SBA guaranteed $221,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Port Washington State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: The Friends and Family Network Best Banks in Port Washington, Wisconsin
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