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November 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Reedsburg, Business Loans > Community Bank Group Reedsburg Business Loans > Insurance Carriers Loan | ||||
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Reedsburg Bank Loan
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Reedsburg, Wisconsin Lender Lends Money to Insurance Carriers CompanyThinking about meeting with a Reedsburg, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Reedsburg bank, that was approved by the SBA. Applying for an SBA loan with Community Bank Group worked out well for our friends at one local firm in Madison, Wisconsin. They got an SBA loan for $520,000. Great job! SBA Loan Borrower COMPANY TYPE: INSURANCE CARRIERS SBA Loan Lender COMMUNITY BANK GROUP SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. 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 1/9/2007 Loan Approval Gross Amount $520,000 Loan Approval from the SBA Of the total $520,000 loan amount, the SBA guaranteed $390,000. 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 10 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: The Friends and Family Network Find an SBA Lender in Reedsburg, Wisconsin
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