Commercial and Industrial Machinery and Equipment Bank Loans

Looking for bank loans for commercial and industrial machinery and equipment? Talk to a banker who works with the SBA. This $76,772 commercial and industrial machinery and equipment loan was issued by a Wisconsin bank.

This company knew how to go about getting a business bank loan. Based in Manawa, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The First State Bank, based in New London, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT
MANAWA, WI 54949

SBA Loan Lender

THE FIRST STATE BANK
113 W NORTH WATER ST
NEW LONDON, WI 54961

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

2/28/2005

Loan Approval Gross Amount

$76,772

Loan Approval from the SBA

Of the total $76,772 loan amount, the SBA guaranteed $65,256.

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 3 employees. The loan application did not indicate that the small business planned 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?

If you are wondering how to raise money for a company in Manawa WI, you ought to talk with a local Manawa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Manawa businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $76,772 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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