Milwaukee, Wisconsin Bank Gives SBA Loan to Beer, Wine, And Liquor Stores Company
Want to talk with a Milwaukee, Wisconsin bank about a small business loan? Here's one Minnesota business loan, issued by a Milwaukee bank, that was approved by the SBA.
Applying for an SBA loan with M&i Marshall & Ilsley Bank worked out well for our friends at one local business in Hopkins, Minnesota. The business was able to get an SBA loan for $220,000. Way to go!
SBA Loan Borrower
COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
HOPKINS, MN 55343
SBA Loan Lender
M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202
This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
445310 - Beer, Wine, and Liquor Stores
Loan Approval Date
2/10/2005
Loan Approval Gross Amount
$220,000
Loan Approval from the SBA
Of the total $220,000 loan amount, the SBA guaranteed $165,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.
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 Small Business Loan
Best Banks in Milwaukee, Wisconsin
SBA Lenders in Wisconsin