Where to Get Capital for Roofing Contractors

With these small business loans for roofing contractors, the SBA guarantees the lender that the loan will be repaid. This roofing contractors loan for $500,000 was given to a Wisconsin entrepreneur in 2007.

Getting a small business loan in Cudahy, Wisconsin was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Layton State Bank, operating out of Milwaukee, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: ROOFING CONTRACTORS
CUDAHY, WI 53110

SBA Loan Lender

LAYTON STATE BANK
2740 W FOREST HOME AVE
MILWAUKEE, WI 53215

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238160 - Roofing Contractors

Loan Approval Date

3/30/2007

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

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 8 employees. The loan application did not indicate that the company planned to use the funding 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.

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:

Accountant's Role in Securing Financing

SBA Approved Banks in Milwaukee, Wisconsin

Getting an SBA Loan in Wisconsin