Manitowoc, Wisconsin Bank Gives SBA Loan to Wood Products Company

Thinking about meeting with a Manitowoc, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Manitowoc bank, that was approved by the SBA.

Applying for an SBA loan with Bank First National worked out well for our friends at one local firm in Kewaunee, Wisconsin. They got an SBA loan for $465,000. Great job!

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCTS
KEWAUNEE, WI 54246

SBA Loan Lender

BANK FIRST NATIONAL
402 N 8TH ST
MANITOWOC, WI 54221

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.

SIC Code

2499 - Wood Products

Loan Approval Date

2/28/2000

Loan Approval Gross Amount

$465,000

Loan Approval from the SBA

Of the total $465,000 loan amount, the SBA guaranteed $348,750.

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 17 employees. This SBA loan request indicated that the loan would help generate 11 new jobs and retain 17 existing jobs.

Next Steps for Getting an SBA Loan

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank First National and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Manitowoc, Wisconsin

Getting an SBA Loan in Wisconsin