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November 21, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Sheboygan, Business Loans > Wisconsin Community Bank Sheboygan Business Loans > Hotels And Motels Loan | ||||
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Banks Doing SBA Loans in Wisconsin
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Sheboygan, Wisconsin Bank Gives SBA Loan to Hotels And Motels CompanyWant to talk with a Sheboygan, Wisconsin bank about a business loan? Here's one Michigan business loan, issued by a Sheboygan bank, that was approved by the SBA. Applying for an SBA loan with Wisconsin Community Bank worked out well for our friends at one local firm in Manistique, Michigan. They received an SBA loan for $115,000. Way to go! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender WISCONSIN COMMUNITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/27/2005 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $97,750. 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 7 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Small Bank Loans in Sheboygan, Wisconsin
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