Loan Census Banking News and Information
November 14, 2024  
 
 
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Wisconsin SBA Lenders

 

 
Loan Census SBA Loan Info

Waukesha, Wisconsin Lender Lends Money to Landscape Architectural Services Company

Get business loans from a Waukesha, Wisconsin bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

First Fed. Bank - Wisconsin is a Waukesha, Wisconsin small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Wisconsin company.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPE ARCHITECTURAL SERVICES
BROOKFIELD, WI 53005

SBA Loan Lender

FIRST FED. BANK - WISCONSIN
134 WISCONSIN AVE
WAUKESHA, WI 53187

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541320 - Landscape Architectural Services

Loan Approval Date

5/19/2005

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Fed. Bank - Wisconsin had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Fed. Bank - Wisconsin 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.

Related Links:

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SBA 7A Lenders in Waukesha, Wisconsin

Wisconsin SBA 7A Lenders