Commercial Loans for Metal Heat Treating
Looking for commercial loans for metal heat treating? Talk to a banker who works with the SBA. This $135,000 metal heat treating loan was issued by a Wisconsin bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Delevan, Wisconsin was able to borrow $135,000 from M&i Marshall & Ilsley Bank. The SBA made the loan possible by guaranteeing $114,750 of this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: METAL HEAT TREATING
DELEVAN, WI 53115
SBA Loan Lender
M&I MARSHALL & ILSLEY BANK
104 N 5TH ST
DELAVAN, WI 53115
This lender issued this particular SBA small business 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
3398 - Metal Heat Treating
NAICS Code
332811 - Metal Heat Treating
Loan Approval Date
10/25/2001
Loan Approval Gross Amount
$135,000
Loan Approval from the SBA
Of the total $135,000 loan amount, the SBA guaranteed $114,750.
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 3 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your 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.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $135,000 loan. Remember, anyone can do it... so why not you?
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.
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