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May 9, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Grafton, Business Loans > Cornerstone Community Bank Grafton Business Loans > Lessors Of Miniwarehouses And Self-Storage Units Loan | ||||
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Raising Money in Oak Creek, Wisconsin With SBA Loans
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Lessors of Miniwarehouses and Self-Storage Units SBA LoansLooking for SBA loans for lessors of miniwarehouses and self-storage units? An SBA loan may be just what you've been looking for. This $182,250 lessors of miniwarehouses and self-storage units loan was issued by a Wisconsin bank. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Cornerstone Community Bank, out of Grafton, Wisconsin. The loan was granted and they received $182,250 to help grow their Oak Creek, Wisconsin business. SBA Loan Borrower COMPANY TYPE: LESSORS OF MINIWAREHOUSES AND SELF-STORAGE UNITS SBA Loan Lender CORNERSTONE COMMUNITY BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531130 - Lessors of Miniwarehouses and Self-Storage Units Loan Approval Date 9/9/2004 Loan Approval Gross Amount $182,250 Loan Approval from the SBA Of the total $182,250 loan amount, the SBA guaranteed $136,687. 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 2 employees. The SBA loan documents indicated that the funding would help generate 2 new jobs. Getting an SBA Loan For Your Business 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cornerstone Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Small Bank Loans in Grafton, Wisconsin
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