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November 21, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Milwaukee, Business Loans > M&i Marshall & Ilsley Bank Milwaukee Business Loans > Farm Supplies Merchant Wholesalers Loan | ||||
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SBA Loan from M&i Marshall & Ilsley Bank
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SBA Loan from M&i Marshall & Ilsley Bank Helps Farm Supplies Merchant Wholesalers CompanyM&i Marshall & Ilsley Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Minnesota entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Maple Plain, Minnesota was able to borrow $1,600,000 from M&i Marshall & Ilsley Bank. The SBA made the loan possible by guaranteeing $1,440,000 of this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: FARM SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender M&I MARSHALL & ILSLEY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424910 - Farm Supplies Merchant Wholesalers Loan Approval Date 8/23/2006 Loan Approval Gross Amount $1,600,000 Loan Approval from the SBA Of the total $1,600,000 loan amount, the SBA guaranteed $1,440,000. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan 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've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Milwaukee, Wisconsin
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