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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Rice Lake, Business Loans > First National Bank And Trust Rice Lake Business Loans > Machine Shops Loan | ||||
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Business Loans for Rice Lake Small Businesses
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Machine Shops SBA LoansLooking for SBA loans for machine shops? An SBA loan may be just what you've been looking for. This $125,000 machine shops loan was issued by a Wisconsin bank. This business knew how to go about getting a business bank loan. Based in Rice Lake, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was First National Bank And Trust, based in Rice Lake, Wisconsin. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender FIRST NATIONAL BANK AND TRUST 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 332710 - Machine Shops Loan Approval Date 2/5/2007 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $62,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan documents indicated that the loan would help create 2 new jobs. Next Steps for Getting an SBA Loan 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. This SBA loan was for $125,000. How would you spend $125,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Who Lends Money to Small Businesses in Rice Lake, Wisconsin
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