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December 4, 2024  
 
 
  Business Loan Information  
 

Business Loans for Chippewa Falls Business Owners

 

 
Loan Census SBA Loan Info

Getting an SBA Loan for Construction Sand and Gravel Mining

With these business loans for construction sand and gravel mining, the SBA guarantees the lender that the loan will be repaid. This construction sand and gravel mining loan for $700,000 was given to a Wisconsin entrepreneur in 2004.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Anchorbank, Fsb, out of New Richmond, Wisconsin. The loan was granted and they received $700,000 to help grow their Chippewa Falls, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
CHIPPEWA FALLS, WI 54729

SBA Loan Lender

ANCHORBANK, FSB
355 S KNOWLES AVE
NEW RICHMOND, WI 54017

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

212321 - Construction Sand and Gravel Mining

Loan Approval Date

6/15/2004

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. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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. Anchorbank, Fsb had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Anchorbank, Fsb 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:

Obtaining Funding - Friends and Family

Small Bank Loans in New Richmond, Wisconsin

Wisconsin SBA Bank Lenders