Where to Get Capital for Manufacturing

With these small business loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $715,000 was given to a Wisconsin entrepreneur in 2004.

Getting a small business loan in Newton, Wisconsin was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Anchorbank, Fsb, operating out of Madison, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOUR AND OTHER GRAIN MILL PRODUCTS
NEWTON, WI 53063

SBA Loan Lender

ANCHORBANK, FSB
25 W MAIN ST
MADISON, WI 53703

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 SBA business 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

2041 - Flour and Other Grain Mill Products

NAICS Code

339999 - Manufacturing

Loan Approval Date

9/10/2004

Loan Approval Gross Amount

$715,000

Loan Approval from the SBA

Of the total $715,000 loan amount, the SBA guaranteed $536,250.

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 9 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Advice on Getting a Small Business Loan

Small Bank Loans in Madison, Wisconsin

Wisconsin SBA 7A Lenders