Get an SBA Loan for Insurance Agencies and Brokerages

Looking for small business loans for insurance agencies and brokerages? An SBA loan may be just what you've been looking for. This $150,000 insurance agencies and brokerages loan was issued by a Wisconsin bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Park Bank, out of La Crosse, Wisconsin. The loan was granted and they received $150,000 to help grow their Lacrosse, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: INSURANCE CARRIERS
LACROSSE, WI 54601

SBA Loan Lender

PARK BANK
700 STATE ST
LA CROSSE, WI 54602

This lender issued this bank loan under the SBA 7A lending program , 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.

SIC Code

6399 - Insurance Carriers

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

8/16/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Getting a Small Business Loan

Where to Get an SBA Loan in La Crosse, Wisconsin

Wisconsin SBA Banks