Raising Money for Metalworking Machinery Manufacturing

Looking for business loans for metalworking machinery manufacturing? An SBA loan may be just what you've been looking for. This $19,800 metalworking machinery manufacturing loan was issued by a Wisconsin bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The Riverbank, out of Osceola, Wisconsin. The loan was granted and they received $19,800 to help grow their Dresser, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: METALWORKING MACHINERY
DRESSER, WI 54009

SBA Loan Lender

THE RIVERBANK
304 CASCADE ST
OSCEOLA, WI 54020

This lender issued this particular 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

3549 - Metalworking Machinery

NAICS Code

333518 - Metalworking Machinery Manufacturing

Loan Approval Date

3/8/2001

Loan Approval Gross Amount

$19,800

Loan Approval from the SBA

Of the total $19,800 loan amount, the SBA guaranteed $16,830.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Riverbank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for 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.

Related Links:

Business Line of Credit

Good Banks for Small Business in Osceola, Wisconsin

SBA Participating Banks in Wisconsin