Business Loan from Bremer Bank Given to Bookbinding And Related Work Company

An SBA loan from Bremer Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clear Lake, Wisconsin business owner got a $65,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Clear Lake, Wisconsin, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Bremer Bank, based in Amery, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: BOOKBINDING AND RELATED WORK
CLEAR LAKE, WI 54005

SBA Loan Lender

BREMER BANK
104 W MAPLE ST
AMERY, WI 54001

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . 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

2789 - Bookbinding and Related Work

NAICS Code

323121 - Tradebinding and Related Work

Loan Approval Date

7/10/2001

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are raising money in Clear Lake WI, you ought to talk with a local Clear Lake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clear Lake businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bremer Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Business Line of Credit

Small Business Banks in Amery, Wisconsin

Wisconsin SBA Banks