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May 5, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sheboygan, Business Loans > Community Bank & Trust Sheboygan Business Loans > Masonry Contractors Loan | ||||
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Wisconsin Bank SBA Loans
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Sheboygan, Wisconsin Business Gets SBA-Guaranteed Funding from Community Bank & TrustCommunity Bank & Trust and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level. This growing company knew how to go about getting a business bank loan. Based in Sheboygan, Wisconsin, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Community Bank & Trust, based in Sheboygan, Wisconsin. SBA Loan Borrower COMPANY TYPE: MASONRY CONTRACTORS SBA Loan Lender COMMUNITY BANK & TRUST This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 238140 - Masonry Contractors Loan Approval Date 8/1/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. The loan application indicated that the loan would help retain 20 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Community Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Raising VC Money for Social Networking Companies
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