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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Racine, Business Loans > Johnson Bank Racine Business Loans > Packing And Crating Loan | ||||
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Tips for Entrepreneurs On Getting a Loan
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Packing and Crating SBA LoansLooking for SBA loans for packing and crating? The SBA may be the answer. This $75,000 packing and crating loan was issued by a Wisconsin bank. Getting a small business loan in Kenosha, Wisconsin was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Johnson Bank, operating out of Racine, Wisconsin. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: PACKING AND CRATING SBA Loan Lender JOHNSON BANK This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 488991 - Packing and Crating Loan Approval Date 9/15/2005 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Johnson 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: Small Bank Loans in Racine, Wisconsin
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