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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Fitchburg, Business Loans > Oak Bank Fitchburg Business Loans > Services Loan | ||||
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SBA 7A Banks for Madison, Wisconsin Small Businesses
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Growing Company Gets a Wisconsin Small Business LoanWisconsinBank loans are available to Wisconsin firms through the SBA. In this case, a Wisconsin bank provides the loan. Getting a small business loan in Madison, Wisconsin was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Oak Bank. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender OAK BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8999 - Services NAICS Code 541214 - Payroll Services Loan Approval Date 5/16/2005 Loan Approval Gross Amount $367,800 Loan Approval from the SBA Of the total $367,800 loan amount, the SBA guaranteed $275,850. 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 7 employees. The loan application 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? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Madison or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA 7A Lenders in Fitchburg, Wisconsin
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