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May 16, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Brookfield, Business Loans > Ridgestone Bank Brookfield Business Loans > Iron And Steel Forging Loan | ||||
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How to Get SBA Loans in Richfield, Wisconsin
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Where to Get Capital for Iron and Steel ForgingLooking for small business loans for iron and steel forging? Talk to a banker who works with the SBA. This $2,000,000 iron and steel forging loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Richfield, Wisconsin was able to borrow $2,000,000 from Ridgestone Bank. The SBA made the loan possible by guaranteeing $1,500,000 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: IRON AND STEEL FORGING SBA Loan Lender RIDGESTONE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332111 - Iron and Steel Forging Loan Approval Date 9/25/2007 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000. 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 27 employees. This SBA loan request indicated that the loan would help generate 14 new jobs and retain 13 existing jobs. Getting an SBA Loan For Your Business 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Ridgestone 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: Borrowing Money from Friends and Family Good Banks for Small Business in Brookfield, Wisconsin
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