Loan Census Banking News and Information
December 30, 2024  
 
 
  Business Loan Information  
 

Banks Doing SBA Loans in Wisconsin

 

 
Loan Census SBA Loan Info

Sheboygan, Wisconsin Bank Gives SBA Loan to Hotels And Motels Company

Want 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
MANISTIQUE, MI 49854

SBA Loan Lender

WISCONSIN COMMUNITY BANK
4706 S TAYLOR DR
SHEBOYGAN, WI 53081

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.

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