Borrowing Money for Medicinal and Botanical Manufacturing

With these loans for medicinal and botanical manufacturing, the SBA guarantees the lender that the loan will be repaid. This medicinal and botanical manufacturing loan for $149,300 was given to a Wisconsin entrepreneur in 2004.

Getting a small business loan in Delafield, Wisconsin was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Town Bank, operating out of Hartland, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: MEDICINAL AND BOTANICAL MANUFACTURING
DELAFIELD, WI 53018

SBA Loan Lender

TOWN BANK
850 W NORTH SHORE DR
HARTLAND, WI 53029

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.

NAICS Code

325411 - Medicinal and Botanical Manufacturing

Loan Approval Date

10/8/2004

Loan Approval Gross Amount

$149,300

Loan Approval from the SBA

Of the total $149,300 loan amount, the SBA guaranteed $126,905.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Town 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:

Alternative Financing

Best Banks in Hartland, Wisconsin

Browse All Business Loan Sources for Wisconsin