Fond Du Lac, Wisconsin Lender Lends Money to Converted Paper Product Manufacturing Company

Want to talk with a Fond Du Lac, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Fond Du Lac bank, that was approved by the SBA.

Applying for an SBA loan with Hometown Bank worked out well for our friends at one local company in Appleton, Wisconsin. The business was able to get an SBA loan for $700,000. Great job!

SBA Loan Borrower

COMPANY TYPE: CONVERTED PAPER PRODUCT MANUFACTURING
APPLETON, WI 54915

SBA Loan Lender

HOMETOWN BANK
80 SHEBOYGAN ST
FOND DU LAC, WI 54935

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

322299 - Converted Paper Product Manufacturing

Loan Approval Date

9/22/2003

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. This SBA loan request indicated that the loan would help retain 25 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Hometown Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Hometown Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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