The Riverbank SBA Loan to Pump And Pumping Equipment Manufacturing Company

An SBA loan from The Riverbank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Grantsburg, Wisconsin business owner got a $1,150,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grantsburg, Wisconsin was able to borrow $1,150,000 from The Riverbank. The SBA made the loan possible by guaranteeing $575,000 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: PUMP AND PUMPING EQUIPMENT MANUFACTURING
GRANTSBURG, WI 54840

SBA Loan Lender

THE RIVERBANK
304 CASCADE ST
OSCEOLA, WI 54020

This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

333911 - Pump and Pumping Equipment Manufacturing

Loan Approval Date

6/14/2004

Loan Approval Gross Amount

$1,150,000

Loan Approval from the SBA

Of the total $1,150,000 loan amount, the SBA guaranteed $575,000.

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 89 employees. The SBA loan application for the borrower indicated that the borrowed money would help create 15 new jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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.

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