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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Crandon, Business Loans > Associated Bank Crandon Business Loans > Trucking Loan | ||||
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Wisconsin Bank SBA Loans
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Associated Bank SBA Loan to Trucking CompanyLooking to get a Wisconsin business loan? Here's one Wisconsin business loan that was approved by the SBA. This growing firm needed an SBA business loan in Crandon, Wisconsin back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Associated Bank, operating out of Crandon, Wisconsin. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender ASSOCIATED BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4213 - Trucking Loan Approval Date 5/16/2000 Loan Approval Gross Amount $53,500 Loan Approval from the SBA Of the total $53,500 loan amount, the SBA guaranteed $42,800. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Associated Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Business Banks in Crandon, Wisconsin
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