Wisconsin Bank Loan Issued to Painting And Paper Hanging Company

Small business loans in Wisconsin are hard to find these days. We take a look at one Wisconsin small business loan, provided by a Wisconsin bank, that was approved by the SBA.

Getting a small business loan in Manitowoc, Wisconsin was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Investors Community Bank. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND PAPER HANGING
MANITOWOC, WI 54220

SBA Loan Lender

INVESTORS COMMUNITY BANK
860 N RAPIDS RD
MANITOWOC, WI 54220

This SBA bank 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

1721 - Painting and Paper Hanging

NAICS Code

238320 - Painting and Wall Covering Contractors

Loan Approval Date

6/30/2005

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

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 14 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 Investors Community 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:

Equity Financing

SBA 7A Banks for Manitowoc, Wisconsin Loans

SBA Participating Banks in Wisconsin