Holmen, Wisconsin Entrepreneur Gets an SBA Loan

SBA loans in Wisconsin are are few and far betweeen these days. We take a look at one Wisconsin SBA loan, provided by a Wisconsin bank, that was approved by the SBA.

Getting a small business loan in Holmen, Wisconsin was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Park Bank. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL SERVICES
HOLMEN, WI 54636

SBA Loan Lender

PARK BANK
700 STATE ST
LA CROSSE, WI 54602

This lender issued this particular small 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.

NAICS Code

541310 - Architectural Services

Loan Approval Date

4/21/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 2 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Holmen WI, you ought to talk with a local Holmen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Holmen businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Park Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 - Friends and Family

SBA Approved Banks in La Crosse, Wisconsin

Getting an SBA Loan in Wisconsin