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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > River Falls, Business Loans > 1st National Bank - River Falls River Falls Business Loans > Excavation Work Loan | ||||
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Advice for Entrepreneurs On Getting a Loan
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Business Loans for Wrecking and Demolition ContractorsLooking for business loans for wrecking and demolition contractors? An SBA loan may be just what you've been looking for. This $283,000 wrecking and demolition contractors loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hudson, Wisconsin was able to borrow $283,000 from 1st National Bank - River Falls. The SBA made the loan possible by guaranteeing $212,250 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: EXCAVATION WORK SBA Loan Lender 1ST NATIONAL BANK - RIVER FALLS The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1794 - Excavation Work NAICS Code 235940 - Wrecking and Demolition Contractors Loan Approval Date 4/5/2006 Loan Approval Gross Amount $283,000 Loan Approval from the SBA Of the total $283,000 loan amount, the SBA guaranteed $212,250. 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 2 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Small Business Banks in River Falls, Wisconsin Browse All Business Loan Sources for Wisconsin
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