Timberwood Bank SBA Loan to Manufacturing Industries Company

Want a Wisconsin small business loan? Here's one Wisconsin business loan that was approved by the SBA.

This small business needed an SBA business loan in Mauston, Wisconsin back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Timberwood Bank, operating out of Tomah, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
MAUSTON, WI 53948

SBA Loan Lender

TIMBERWOOD BANK
110 W VETERANS ST
TOMAH, WI 54660

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

Loan Approval Date

4/10/2000

Loan Approval Gross Amount

$2,625,000

Loan Approval from the SBA

Of the total $2,625,000 loan amount, the SBA guaranteed $749,963.

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 15 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Timberwood Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Dealing With Venture Capitalists

Who Lends Money to Small Businesses in Tomah, Wisconsin

Wisconsin SBA Banks