Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

We Needed an SBA 7A Loan in Luxemburg, Wisconsin and We Got One!

 

 
Loan Census SBA Loan Info

Commercial Loans for Commercial and Institutional Building Construction

Looking for commercial loans for commercial and institutional building construction? Try the SBA. This $108,000 commercial and institutional building construction loan was issued by a Wisconsin bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Luxemburg, Wisconsin was able to borrow $108,000 from Bank Of Luxemburg. The SBA made the loan possible by guaranteeing $91,800 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION
LUXEMBURG, WI 54217

SBA Loan Lender

BANK OF LUXEMBURG
630 MAIN ST
LUXEMBURG, WI 54217

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

233320 - Commercial and Institutional Building Construction

Loan Approval Date

4/19/2004

Loan Approval Gross Amount

$108,000

Loan Approval from the SBA

Of the total $108,000 loan amount, the SBA guaranteed $91,800.

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 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

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:

Small Business Loan

SBA 7A Banks in Luxemburg, Wisconsin

SBA Participating Banks in Wisconsin