Danbury, Wisconsin Business Gets SBA-Guaranteed Funding from Bremer Bank

Bremer Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans.

This business knew how to go about getting a business bank loan. Based in Danbury, Wisconsin, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Bremer Bank, based in Frederic, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
DANBURY, WI 54830

SBA Loan Lender

BREMER BANK
109 WISCONSIN AVE NORTH
FREDERIC, WI 54837

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

4/5/2002

Loan Approval Gross Amount

$109,200

Loan Approval from the SBA

Of the total $109,200 loan amount, the SBA guaranteed $92,820.

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 6 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bremer Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Small Business Credit Cards

Find an SBA Lender in Frederic, Wisconsin

SBA Lenders in Wisconsin