Business Loan from Premier Community Bank Given to Industrial Trucks, Tractors, Trailers, And Stacker Company

Premier Community 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.

Getting a small business loan in Clintonville, Wisconsin was an essential business goal for this firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Premier Community Bank, operating out of Marion, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL TRUCKS, TRACTORS, TRAILERS, AND STACKER
CLINTONVILLE, WI 54929

SBA Loan Lender

PREMIER COMMUNITY BANK
230 MAVIS RD
MARION, WI 54950

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.

SIC Code

3537 - Industrial Trucks, Tractors, Trailers, and Stacker

NAICS Code

333924 - Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing

Loan Approval Date

12/23/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 15 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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

Raising Venture Capital

SBA Banks in Marion, Wisconsin

Getting a Business Loan in Wisconsin