Green Bay, Wisconsin Business Gets SBA-Guaranteed Funding from Associated Bank
An SBA loan from Associated Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Green Bay, Wisconsin business owner got a $514,000 loan.
This growing company knew how to go about getting a business bank loan. Based in Green Bay, Wisconsin, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Associated Bank, based in Green Bay, Wisconsin.
SBA Loan Borrower
COMPANY TYPE: NURSERY AND TREE PRODUCTION
GREEN BAY, WI 54313
SBA Loan Lender
ASSOCIATED BANK
200 N ADAMS ST
GREEN BAY, WI 54301
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
111421 - Nursery and Tree Production
Loan Approval Date
6/11/2002
Loan Approval Gross Amount
$514,000
Loan Approval from the SBA
Of the total $514,000 loan amount, the SBA guaranteed $385,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 23 employees. The SBA loan application for the borrower indicated that the loan would help retain 23 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Associated Bank 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.
Related Links:
The Friends and Family Network
Best Green Bay, Wisconsin Banks for Small Business
SBA Wisconsin Banks