Madison, Wisconsin Bank Gives SBA Loan to Repair Shops And Related Services Company

Find Madison, Wisconsin banks that specialize in business loans and know how to work with entrepreneurs. State Bank Of Cross Plains is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Madison, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from State Bank Of Cross Plains. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: REPAIR SHOPS AND RELATED SERVICES
MADISON, WI 53716

SBA Loan Lender

STATE BANK OF CROSS PLAINS
455 COUNTY HWY M
MADISON, WI 53517

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7699 - Repair Shops and Related Services

NAICS Code

811490 - Personal and Household Goods Repair and Maintenance

Loan Approval Date

2/25/2003

Loan Approval Gross Amount

$40,340

Loan Approval from the SBA

Of the total $40,340 loan amount, the SBA guaranteed $34,289.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank Of Cross Plains are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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