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November 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Grafton, Business Loans > Cornerstone Community Bank Grafton Business Loans > Manufacturing Loan | ||||
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Hartford SBA Loans
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Wisconsin Business Loan Issued to Manufacturing CompanyWould a Wisconsin SBA loan help your business get to the next level? If so, you may want to talk with this Wisconsin bank, which offers SBA loans to Wisconsin entrepreneurs. This company, based in Hartford, Wisconsin, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Cornerstone Community Bank. We've got the inside scoop on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender CORNERSTONE COMMUNITY BANK 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 339999 - Manufacturing Loan Approval Date 10/28/2004 Loan Approval Gross Amount $312,300 Loan Approval from the SBA Of the total $312,300 loan amount, the SBA guaranteed $234,225. 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 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Good Banks for Small Business in Grafton, Wisconsin
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