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November 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Hartland, Business Loans > Town Bank Hartland Business Loans > Sales Financing Loan | ||||
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Wisconsin SBA 7A Lenders
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Hartland, Wisconsin Lender Lends Money to Sales Financing CompanyGet to know Hartland, Wisconsin banks that specialize in business loans and know how to work with entrepreneurs. Town Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Hartland, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Town Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: SALES FINANCING SBA Loan Lender TOWN BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 522220 - Sales Financing Loan Approval Date 12/7/2004 Loan Approval Gross Amount $57,000 Loan Approval from the SBA Of the total $57,000 loan amount, the SBA guaranteed $48,450. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Town Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Town Bank 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: Obtaining Funding - How to Decide How Much to Raise
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