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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Milton, Business Loans > Bank Of Milton Milton Business Loans > Beauty Shops Loan | ||||
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Banks in Milton, Wisconsin That Make SBA Loans
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Entrepreneur Works With Milton, Wisconsin Bank to Get an SBA LoanThinking about meeting with a Milton, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Milton bank, that was approved by the SBA. Applying for an SBA loan with Bank Of Milton worked out well for our friends at one local firm in Milton, Wisconsin. The business was able to get an SBA loan for $32,000. Nice! SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender BANK OF MILTON This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 12/22/2000 Loan Approval Gross Amount $32,000 Loan Approval from the SBA Of the total $32,000 loan amount, the SBA guaranteed $25,600. 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 7 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Banks in Milton, Wisconsin
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