Entrepreneur Works With Milwaukee, Wisconsin Bank to Get an SBA Loan

A Milwaukee, Wisconsin business loan can be yours. Learn how one firm got a $45,600 business loan from this Wisconsin bank.

This loan to an entrepreneur is a good example of an SBA loan. M&i Marshall & Ilsley Bank made the loan and the SBA guaranteed a portion of the loan. Many other Wisconsin entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: FINE ARTS SCHOOLS
Delafield, WI 53018

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202

This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611610 - Fine Arts Schools

Loan Approval Date

5/10/2006

Loan Approval Gross Amount

$45,600

Loan Approval from the SBA

Of the total $45,600 loan amount, the SBA guaranteed $38,760.

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 only one employee. The SBA loan documents indicated that the borrowed money would help generate 1 new job.

Start the Process for Getting an SBA Loan Today!

If you want money for new small business in Delafield WI, you ought to talk with a local Delafield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Delafield businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like M&i Marshall & Ilsley 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.

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