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May 16, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Brookfield, Business Loans > Ridgestone Bank Brookfield Business Loans > Metal Coating, Engraving And Allied Services Loan | ||||
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Wisconsin Bank SBA Loans
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Entrepreneur Works With Brookfield, Wisconsin Bank to Get an SBA LoanThinking about meeting with a Brookfield, Wisconsin bank about a business loan? Here's one Iowa business loan, issued by a Brookfield bank, that was approved by the SBA. Applying for an SBA loan with Ridgestone Bank worked out well for our friends at one local company in West Des Moines, Iowa. They received an SBA loan for $1,500,000. Way to go! SBA Loan Borrower COMPANY TYPE: METAL COATING, ENGRAVING AND ALLIED SERVICES SBA Loan Lender RIDGESTONE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332812 - Metal Coating, Engraving and Allied Services Loan Approval Date 1/30/2007 Loan Approval Gross Amount $1,500,000 Loan Approval from the SBA Of the total $1,500,000 loan amount, the SBA guaranteed $1,125,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 57 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: A Company That Helps Entrepreneurs Who Lends Money to Small Businesses in Brookfield, Wisconsin
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