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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Madison, Business Loans > Wisconsin Community Bank Madison Business Loans > Boat Building Loan | ||||
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I Need a Small Business Loan in Gillett, Wisconsin
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Where to Get Capital for Boat BuildingWith these SBA loans for boat building, the SBA guarantees the lender that the loan will be repaid. This boat building loan for $250,000 was given to a Wisconsin entrepreneur in 2003. This small business knew how to go about getting a business bank loan. Based in Gillett, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Wisconsin Community Bank, based in Madison, Wisconsin. SBA Loan Borrower COMPANY TYPE: BOAT BUILDING SBA Loan Lender WISCONSIN COMMUNITY BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 336612 - Boat Building Loan Approval Date 8/22/2003 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 80 employees. The loan application indicated that the loan would help retain 80 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Wisconsin Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: SBA 7A Banks in Madison, Wisconsin
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