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May 8, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Neenah, Business Loans > 1st National Bank - Fox Valley Neenah Business Loans > Machine Tool Manufacturing Loan | ||||
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How Do We Get a Business Loan in Oshkosh, Wisconsin?
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Commercial Loans for Machine Tool ManufacturingWith these commercial loans for machine tool manufacturing, the SBA guarantees the lender that the loan will be repaid. This machine tool manufacturing loan for $127,000 was given to a Wisconsin entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oshkosh, Wisconsin was able to borrow $127,000 from 1st National Bank - Fox Valley. The SBA made the loan possible by guaranteeing $63,500 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE TOOL MANUFACTURING SBA Loan Lender 1ST NATIONAL BANK - FOX VALLEY This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 333512 - Machine Tool Manufacturing Loan Approval Date 3/3/2004 Loan Approval Gross Amount $127,000 Loan Approval from the SBA Of the total $127,000 loan amount, the SBA guaranteed $63,500. 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 25 employees. The loan application indicated that the loan would help generate 1 new job and retain 25 existing jobs. Start the Process for Getting an SBA Loan Today! 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've showcased information on this loan to let you know that businesses like yours 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: Best Banks for Small Business in Neenah, Wisconsin
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