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November 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Flint, Business Loans > Citizens Bank Flint Business Loans > Logging Loan | ||||
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We Needed an SBA 7A Loan in Antigo, Wisconsin and We Got One!
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Getting an SBA Loan for LoggingLooking for SBA loans for logging? Try the SBA. This $235,100 logging loan was issued by a Michigan bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Antigo, Wisconsin was able to borrow $235,100 from Citizens Bank. The SBA made the loan possible by guaranteeing $176,325 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender CITIZENS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 113310 - Logging Loan Approval Date 7/10/2007 Loan Approval Gross Amount $235,100 Loan Approval from the SBA Of the total $235,100 loan amount, the SBA guaranteed $176,325. 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 documents indicated that the loan would help retain 1 existing job. Next Steps for Getting an SBA Loan 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. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Bank Loans in Flint, Michigan
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