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May 11, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Cedarburg, Business Loans > Ozaukee Bank Cedarburg Business Loans > Top And Body Repair And Paint Shops Loan | ||||
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Raising Money in New Berlin, Wisconsin With SBA Loans
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Local Business Gets a Wisconsin Small Business LoanBusiness loans in Wisconsin are hard to find these days. We take a look at one Wisconsin business loan, provided by a Wisconsin bank, that was approved by the SBA. Getting a small business loan in New Berlin, Wisconsin was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Ozaukee Bank. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: TOP AND BODY REPAIR AND PAINT SHOPS SBA Loan Lender OZAUKEE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7532 - Top and Body Repair and Paint Shops NAICS Code 339999 - Manufacturing Loan Approval Date 3/11/2004 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 13 employees. The loan application did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in New Berlin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Lenders in Cedarburg, Wisconsin Getting an SBA Loan in Wisconsin
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