Loan Census Banking News and Information
May 11, 2024  
 
 
  Business Loan Information  
 

I Need a Business Loan in Munising, Michigan

 

 
Loan Census SBA Loan Info

Borrowing Money for Prefabricated Wood Building Manufacturing

Looking for loans for prefabricated wood building manufacturing? Talk to a banker who works with the SBA. This $150,000 prefabricated wood building manufacturing loan was issued by a Wisconsin bank.

Getting a small business loan in Munising, Michigan was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Wisconsin Community Bank, operating out of Sheboygan, Wisconsin. Here are the details on this Michigan small business loan.

SBA Loan Borrower

COMPANY TYPE: PREFABRICATED WOOD BUILDING MANUFACTURING
MUNISING, MI 49862

SBA Loan Lender

WISCONSIN COMMUNITY BANK
4706 S TAYLOR DR
SHEBOYGAN, WI 53081

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 7A business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

321992 - Prefabricated Wood Building Manufacturing

Loan Approval Date

6/25/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 24 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - Getting Venture Capital

Who Lends Money to Small Businesses in Sheboygan, Wisconsin

Wisconsin SBA 7A Banks