Entrepreneur Works With Monona, Wisconsin Bank to Get an SBA Loan

Thinking about meeting with a Monona, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Monona bank, that was approved by the SBA.

Applying for an SBA loan with Monona State Bank worked out well for our friends at one local company in Madison, Wisconsin. They got an SBA loan for $150,000. Nice!

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
MADISON, WI 53705

SBA Loan Lender

MONONA STATE BANK
5515 MONONA DR
MONONA, WI 53716

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.

SIC Code

5461 - Retail Bakeries

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

4/29/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 8 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Monona State Bank and they will explain how you can get an SBA loan for your company.

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:

Advice on Getting a Small Business Loan

Small Bank Loans in Monona, Wisconsin

Where to Get an SBA Loan Wisconsin