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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Racine, Business Loans > Johnson Bank Racine Business Loans > Building Equipment Contractors Loan | ||||
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Racine Bank Loan
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Racine, Wisconsin Bank Gives SBA Loan to Building Equipment Contractors CompanyWant to talk with a Racine, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Racine bank, that was approved by the SBA. Applying for an SBA loan with Johnson Bank worked out well for our friends at one local company in Cameron, Wisconsin. The business was able to get an SBA loan for $20,000. Sweet! SBA Loan Borrower COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS SBA Loan Lender JOHNSON BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 238290 - Building Equipment Contractors Loan Approval Date 5/3/2005 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had no employees. The SBA loan application for the borrower indicated that the funding would help create 2 new jobs. 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. We've showcased information on this loan to let you know that businesses like yours 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: SBA Participating Banks in Racine, Wisconsin
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