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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Green Bay, Business Loans > Bank Mutual Green Bay Business Loans > Canned Fruits, Vegetables, Preserves And Jams Loan | ||||
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Wisconsin Small Business SBA Loans
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Wisconsin Bank Loan Issued to Canned Fruits, Vegetables, Preserves And Jams CompanyWisconsinBank loans are available to Wisconsin firms through the SBA. In this case, a Wisconsin bank provides the loan. This company, based in Oconto, Wisconsin, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Bank Mutual. We've got the inside scoop on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: CANNED FRUITS, VEGETABLES, PRESERVES AND JAMS SBA Loan Lender BANK MUTUAL 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 2033 - Canned Fruits, Vegetables, Preserves and Jams NAICS Code 311999 - Food Manufacturing Loan Approval Date 4/13/2001 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 88 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Best Banks for Small Business in Green Bay, Wisconsin Find an SBA Lender in Wisconsin
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