Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks That Lend to Wisconsin Business Owners

 

 
Loan Census SBA Loan Info

Eau Claire, Wisconsin Entrepreneur Gets a Bank Loan

SBA loans in Wisconsin are are few and far betweeen these days. We take a look at one Wisconsin SBA loan, provided by a Wisconsin bank, that was approved by the SBA.

Getting a small business loan in Eau Claire, Wisconsin was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Anchorbank, Fsb. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTAL LABORATORIES
EAU CLAIRE, WI 54703

SBA Loan Lender

ANCHORBANK, FSB
3406 OAKWOOD HILLS PKWY, STE
EAU CLAIRE, WI 54701

This lender issued this particular SBA bank 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

8072 - Dental Laboratories

NAICS Code

339116 - Dental Laboratories

Loan Approval Date

3/28/2000

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $16,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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 $20,000 loan. Remember, feel the fear, and do it anyway.

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 Incubators

SBA 7A Banks for Eau Claire, Wisconsin Loans

SBA Wisconsin Lenders