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May 3, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Elkhorn, Business Loans > Associated Bank Elkhorn Business Loans > Plumbing, Heating, And Air Conditioning Contractors Loan | ||||
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Elkhorn Bank Loan
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Elkhorn, Wisconsin Bank Lends Money to Plumbing, Heating, And Air Conditioning Contractors Company in Milwaukee, WisconsinGet to know Elkhorn, Wisconsin banks that specialize in business loans and know how to work with entrepreneurs. Associated Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Milwaukee, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Associated Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS SBA Loan Lender ASSOCIATED BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235110 - Plumbing, Heating, and Air Conditioning Contractors Loan Approval Date 10/29/2004 Loan Approval Gross Amount $12,000 Loan Approval from the SBA Of the total $12,000 loan amount, the SBA guaranteed $10,200. 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 3 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This SBA loan was for $12,000. How would you spend $12,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Family and Friend Investors - Your First Financiers SBA 7A Lenders in Elkhorn, Wisconsin
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