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May 2, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Milwaukee, Business Loans > M&i Marshall & Ilsley Bank Milwaukee Business Loans > Hepler Solutions LLC Loan | ||||
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Business Loans for Portage Small Businesses
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Loan to Buy Cmit Solutions Franchise Issued By M&i Marshall & Ilsley BankNeed money to invest in a Cmit Solutions franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Portage, Wisconsin needed money to invest in a Cmit Solutions franchise back in 2004. M&i Marshall & Ilsley Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower HEPLER SOLUTIONS LLC SBA Loan Lender M&I MARSHALL & ILSLEY BANK This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541512 - Computer Systems Design Services Loan Approval Date 12/7/2004 Loan Approval Gross Amount $71,900 Loan Approval from the SBA Of the total $71,900 loan amount, the SBA guaranteed $61,115. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cmit Solutions franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $71,900 loan. Remember, things become real when you believe you can achieve them! 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: Good Banks for Small Business in Milwaukee, Wisconsin
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