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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Delavan, Business Loans > Community Bank Cbd Delavan Business Loans > Specialized Local Freight Trucking Loan | ||||
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SBA Lenders Wisconsin
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Delavan, Wisconsin Bank Gives SBA Loan to Specialized Local Freight Trucking CompanyThinking about meeting with a Delavan, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Delavan bank, that was approved by the SBA. Applying for an SBA loan with Community Bank Cbd worked out well for our friends at one local firm in Delavan, Wisconsin. The business was able to get an SBA loan for $50,000. Sweet! SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender COMMUNITY BANK CBD This was a Low Documentation SBA loan. The SBA started this program to limit 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. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484220 - Specialized Local Freight Trucking Loan Approval Date 3/10/2004 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank Cbd had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank Cbd made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Raising VC Money for Social Networking Companies
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