Entrepreneur Works With Lake Mills, Wisconsin Bank to Get an SBA Loan

A Lake Mills, Wisconsin small business loan can be yours. Learn how a business got a $374,550 business loan from this Wisconsin bank.

This loan to an entrepreneur is a good example of an SBA loan. The Greenwood's State Bank made the loan and the SBA guaranteed a portion of the loan. Many other Wisconsin entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
LAKE MILLS, WI 53551

SBA Loan Lender

THE GREENWOOD'S STATE BANK
117 N MAIN ST
LAKE MILLS, WI 53551

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

813990 - Similar Organizations

Loan Approval Date

12/6/2000

Loan Approval Gross Amount

$374,550

Loan Approval from the SBA

Of the total $374,550 loan amount, the SBA guaranteed $280,913.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 26 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from The Greenwood's State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Accountant's Role in Securing Financing

SBA 7A Banks for Lake Mills, Wisconsin Loans

Getting a Business Loan in Wisconsin