New Berlin, Wisconsin Bank Gives SBA Loan to Machine Tools, Metal Cutting Types Company

Get to know New Berlin, Wisconsin banks that specialize in business loans and know how to work with entrepreneurs. Layton State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Waukesha, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Layton State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: MACHINE TOOLS, METAL CUTTING TYPES
WAUKESHA, WI 53186

SBA Loan Lender

LAYTON STATE BANK
4850 S MOORLAND RD
NEW BERLIN, WI 53151

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3541 - Machine Tools, Metal Cutting Types

NAICS Code

333512 - Machine Tool Manufacturing

Loan Approval Date

11/4/2003

Loan Approval Gross Amount

$305,625

Loan Approval from the SBA

Of the total $305,625 loan amount, the SBA guaranteed $229,218.

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 16 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

How to Raise Money

Good Banks for Small Business in New Berlin, Wisconsin

Wisconsin SBA 7A Banks