Marshfield, Wisconsin Business Gets SBA-Guaranteed Funding from Wells Fargo Bank Wisconsin Natl

An SBA loan from Wells Fargo Bank Wisconsin Natl typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Marshfield, Wisconsin business owner got a $222,800 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marshfield, Wisconsin was able to borrow $222,800 from Wells Fargo Bank Wisconsin Natl. The SBA made the loan possible by guaranteeing $167,100 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
MARSHFIELD, WI 54449

SBA Loan Lender

WELLS FARGO BANK WISCONSIN NATL
225 E MASON ST, STE 100
MILWAUKEE, WI 54426

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

9/25/2000

Loan Approval Gross Amount

$222,800

Loan Approval from the SBA

Of the total $222,800 loan amount, the SBA guaranteed $167,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.

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