Wisconsin Bank Loan Issued to Automotive Repair And Maintenance Company

Bank loans in Wisconsin are are few and far betweeen these days. We take a look at one Wisconsin bank loan, provided by a Wisconsin bank, that was approved by the SBA.

Getting a small business loan in Kenosha, Wisconsin was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Southport Bank. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE
KENOSHA, WI 53144

SBA Loan Lender

SOUTHPORT BANK
7027 GREEN BAY RD
KENOSHA, WI 53142

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

7/6/2007

Loan Approval Gross Amount

$699,300

Loan Approval from the SBA

Of the total $699,300 loan amount, the SBA guaranteed $524,475.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the borrowed money would help generate 10 new jobs.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Southport Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Advice on Getting a Small Business Loan

SBA Banks in Kenosha, Wisconsin

Wisconsin SBA 7A Lenders