Pigeon Falls State Bank SBA Loan to Electrical Work Company

Pigeon Falls State Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level.

This small firm knew how to go about getting a business bank loan. Based in Bloomer, Wisconsin, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Pigeon Falls State Bank, based in Pigeon Falls, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WORK
BLOOMER, WI 54724

SBA Loan Lender

PIGEON FALLS STATE BANK
40214 S EKERN AVE
PIGEON FALLS, WI 54760

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1731 - Electrical Work

NAICS Code

235310 - Electrical Contractors

Loan Approval Date

8/21/2003

Loan Approval Gross Amount

$87,000

Loan Approval from the SBA

Of the total $87,000 loan amount, the SBA guaranteed $73,950.

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 5 employees. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Bloomer WI, you ought to talk with a local Bloomer SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bloomer businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Pigeon Falls State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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