Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

How Hard Is It to Get a Small Business Loan in Jackson, Wisconsin?

 

 
Loan Census SBA Loan Info

Financing for Small Arms Manufacturing

With these loans for small arms manufacturing, the SBA guarantees the lender that the loan will be repaid. This small arms manufacturing loan for $220,000 was given to a Wisconsin entrepreneur in 2007.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Horicon Bank, out of Horicon, Wisconsin. The loan was granted and they received $220,000 to help grow their Jackson, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: SMALL ARMS MANUFACTURING
JACKSON, WI 53037

SBA Loan Lender

HORICON BANK
326 E LAKE ST
HORICON, WI 53032

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

332994 - Small Arms Manufacturing

Loan Approval Date

10/12/2007

Loan Approval Gross Amount

$220,000

Loan Approval from the SBA

Of the total $220,000 loan amount, the SBA guaranteed $110,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

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 an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Horicon Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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 Business Loan

SBA Participating Banks in Horicon, Wisconsin

Wisconsin SBA Bank Lenders