Marshfield, Wisconsin Lender Lends Money to Temporary Help Services Company
Thinking about meeting with a Marshfield, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Marshfield bank, that was approved by the SBA.
Applying for an SBA loan with Marshfield Savings Bank worked out well for our friends at one local business in Marshfield, Wisconsin. The business was able to get an SBA loan for $20,000. Awesome!
SBA Loan Borrower
COMPANY TYPE: TEMPORARY HELP SERVICES
MARSHFIELD, WI 54449
SBA Loan Lender
MARSHFIELD SAVINGS BANK
207 W SIXTH ST
MARSHFIELD, WI 54449
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561320 - Temporary Help Services
Loan Approval Date
4/23/2007
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $10,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 indicated that the loan would help retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Marshfield Savings Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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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