Local Business Gets a Wisconsin Business Loan

Looking to get a Wisconsin business loan? This Wisconsin entrepreneur got a business loan, provided by a Wisconsin bank that works with the SBA to help small business owners.

Getting a small business loan in Appleton, Wisconsin was a top priority for this SBA-financed company back in 2008 and, based on their loan application, they were successful in getting an SBA loan from The Business Bank. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING AGENCIES
APPLETON, WI 54912

SBA Loan Lender

THE BUSINESS BANK
5643 WATERFORD LN
APPLETON, WI 54912

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

541810 - Advertising Agencies

Loan Approval Date

1/11/2008

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $32,500.

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 17 employees. The SBA loan documents indicated that the loan would help retain 17 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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