Translation and Interpretation Services Loans

With these loans for translation and interpretation services, the SBA guarantees the lender that the loan will be repaid. This translation and interpretation services loan for $50,000 was given to a Wisconsin entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in Little Chute, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Blc Community Bank, based in Little Chute, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: TRANSLATION AND INTERPRETATION SERVICES
LITTLE CHUTE, WI 54140

SBA Loan Lender

BLC COMMUNITY BANK
206 E MAIN ST
LITTLE CHUTE, WI 54140

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541930 - Translation and Interpretation Services

Loan Approval Date

6/30/2005

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the small business 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?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Blc Community 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:

Obtaining Funding - How to Borrow Money

Best Little Chute, Wisconsin Banks for Small Business

Wisconsin SBA Bank Lenders