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May 9, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Menomonee Falls, Business Loans > Mwbank Menomonee Falls Business Loans > Hobby, Toy, And Game Shops Loan | ||||
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Menomonee Falls Bank Loan
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Menomonee Falls, Wisconsin Lender Lends Money to Hobby, Toy, And Game Shops CompanyWant to talk with a Menomonee Falls, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Menomonee Falls bank, that was approved by the SBA. Applying for an SBA loan with Mwbank worked out well for our friends at one local business in New Berlin, Wisconsin. They received an SBA loan for $530,769. Sweet! SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS SBA Loan Lender MWBANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5945 - Hobby, Toy, and Game Shops NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 9/23/2004 Loan Approval Gross Amount $530,769 Loan Approval from the SBA Of the total $530,769 loan amount, the SBA guaranteed $398,077. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the business promised 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? If you are raising money in New Berlin WI, you ought to talk with a local New Berlin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to New Berlin businesses. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Mwbank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Participating Banks in Menomonee Falls, Wisconsin
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