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May 18, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Wauwatosa, Business Loans > Mitchell Bank Wauwatosa Business Loans > Tires And Tubes Loan | ||||
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Raising Money in Saint Francis, Wisconsin With SBA Loans
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Get an SBA Loan for Tire and Tube WholesalersLooking for small business loans for tire and tube wholesalers? Try the SBA. This $95,858 tire and tube wholesalers loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Saint Francis, Wisconsin was able to borrow $95,858 from Mitchell Bank. The SBA made the loan possible by guaranteeing $81,479 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: TIRES AND TUBES SBA Loan Lender MITCHELL BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5014 - Tires and Tubes NAICS Code 421130 - Tire and Tube Wholesalers Loan Approval Date 6/11/2003 Loan Approval Gross Amount $95,858 Loan Approval from the SBA Of the total $95,858 loan amount, the SBA guaranteed $81,479. 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 only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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: SBA Participating Banks in Wauwatosa, Wisconsin SBA Participating Banks in Wisconsin
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