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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Chilton, Business Loans > State Bank Of Chilton Chilton Business Loans > Commercial Laundry And Drycleaning Equipment Loan | ||||
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SBA 7A Banks in Wisconsin
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Raising Money for Commercial Laundry, Drycleaning, and Pressing Machine ManufacturingLooking for business loans for commercial laundry, drycleaning, and pressing machine manufacturing? An SBA loan may be just what you've been looking for. This $127,000 commercial laundry, drycleaning, and pressing machine manufacturing loan was issued by a Wisconsin bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Green Bay, Wisconsin was able to borrow $127,000 from State Bank Of Chilton. The SBA made the loan possible by guaranteeing $107,950 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL LAUNDRY AND DRYCLEANING EQUIPMENT SBA Loan Lender STATE BANK OF CHILTON This lender issued this particular business 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 3582 - Commercial Laundry and Drycleaning Equipment NAICS Code 333312 - Commercial Laundry, Drycleaning, and Pressing Machine Manufacturing Loan Approval Date 12/13/2001 Loan Approval Gross Amount $127,000 Loan Approval from the SBA Of the total $127,000 loan amount, the SBA guaranteed $107,950. 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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. State Bank Of Chilton had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, State Bank Of Chilton made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Getting a Business Loan in Wisconsin
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