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November 24, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Fond Du Lac, Business Loans > Hometown Bank Fond Du Lac Business Loans > Fabricated Metal Products Loan | ||||
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Hometown Bank SBA Loans
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Getting an SBA Loan for Fabricated Metal Product ManufacturingLooking for business loans for fabricated metal product manufacturing? Talk to a banker who works with the SBA. This $1,000,000 fabricated metal product manufacturing loan was issued by a Wisconsin bank. Getting a small business loan in Fond Du Lac, Wisconsin was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Hometown Bank, operating out of Fond Du Lac, Wisconsin. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: FABRICATED METAL PRODUCTS SBA Loan Lender HOMETOWN BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3499 - Fabricated Metal Products NAICS Code 332999 - Fabricated Metal Product Manufacturing Loan Approval Date 6/19/2006 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. 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 25 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Fond Du Lac WI, you ought to talk with a local Fond Du Lac SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fond Du Lac businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Obtaining Funding From a Venture Capitalist Small Bank Loans in Fond Du Lac, Wisconsin
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