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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sturgeon Bay, Business Loans > Baylake Bank Sturgeon Bay Business Loans > Machine Shops Loan | ||||
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Banks in Sturgeon Bay, Wisconsin That Make SBA Loans
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Entrepreneur Works With Sturgeon Bay, Wisconsin Bank to Get an SBA LoanThinking about meeting with a Sturgeon Bay, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Sturgeon Bay bank, that was approved by the SBA. Applying for an SBA loan with Baylake Bank worked out well for our friends at one local firm in Kaukauna, Wisconsin. They got an SBA loan for $337,000. Way to go! SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender BAYLAKE BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 4/27/2005 Loan Approval Gross Amount $337,000 Loan Approval from the SBA Of the total $337,000 loan amount, the SBA guaranteed $252,750. 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 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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: SBA Participating Banks in Sturgeon Bay, Wisconsin
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