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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sun Prairie, Business Loans > M&i Marshall & Ilsley Bank Sun Prairie Business Loans > Hotels And Motels Loan | ||||
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SBA Lenders in Wisconsin
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SBA Loan from M&i Marshall & Ilsley Bank Helps Hotels And Motels CompanyM&i Marshall & Ilsley Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Jefferson, Wisconsin, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was M&i Marshall & Ilsley Bank, based in Sun Prairie, Wisconsin. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender M&I MARSHALL & ILSLEY BANK This bank loan 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. SIC Code 7011 - Hotels and Motels Loan Approval Date 2/29/2000 Loan Approval Gross Amount $388,500 Loan Approval from the SBA Of the total $388,500 loan amount, the SBA guaranteed $291,375. 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 30 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, 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: Family and Friend Investors - Your First Financiers Find an SBA Lender in Sun Prairie, Wisconsin
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