Where to Get Capital for Cut Stone and Stone Product Manufacturing

Looking for SBA loans for cut stone and stone product manufacturing? Talk to a banker who works with the SBA. This $188,000 cut stone and stone product manufacturing loan was issued by a Wisconsin bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Covantage Cu, out of Antigo, Wisconsin. The loan was granted and they received $188,000 to help grow their Birnamwood, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: CUT STONE AND STONE PRODUCT MANUFACTURING
BIRNAMWOOD, WI 54414

SBA Loan Lender

COVANTAGE CU
723 6TH AVE
ANTIGO, WI 54409

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

327991 - Cut Stone and Stone Product Manufacturing

Loan Approval Date

3/11/2005

Loan Approval Gross Amount

$188,000

Loan Approval from the SBA

Of the total $188,000 loan amount, the SBA guaranteed $94,000.

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 10 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 10 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, 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.

Related Links:

Debt Financing

Good Banks for Small Business in Antigo, Wisconsin

Wisconsin SBA Bank Lenders