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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Minneapolis, Business Loans > Wells Fargo Bank Minneapolis Business Loans > Grain And Field Beans Loan | ||||
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Best Banks for Hudson, Wisconsin Small Business Owners
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Getting an SBA Loan for Grain and Field Bean WholesalersWith these commercial loans for grain and field bean wholesalers, the SBA guarantees the lender that the loan will be repaid. This grain and field bean wholesalers loan for $350,000 was given to a Wisconsin entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hudson, Wisconsin was able to borrow $350,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $315,000 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: GRAIN AND FIELD BEANS SBA Loan Lender WELLS FARGO BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5153 - Grain and Field Beans NAICS Code 422510 - Grain and Field Bean Wholesalers Loan Approval Date 12/18/2000 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $315,000. 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 loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Small Bank Loans in Minneapolis, Minnesota
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