Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Mazomanie, Wisconsin and We Got One!

 

 
Loan Census SBA Loan Info

Small Business Loans for Personal Services

Looking for small business loans for personal services? An SBA loan may be just what you've been looking for. This $143,000 personal services loan was issued by a Wisconsin bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mazomanie, Wisconsin was able to borrow $143,000 from The Peoples Community Bank. The SBA made the loan possible by guaranteeing $107,250 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: BUILDING CLEANING AND MAINTENANCE SERVICES, N.E.C
MAZOMANIE, WI 53560

SBA Loan Lender

THE PEOPLES COMMUNITY BANK
222 W COMMERCIAL ST
MAZOMANIE, WI 53560

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7349 - Building Cleaning and Maintenance Services, N.E.C

NAICS Code

812990 - Personal Services

Loan Approval Date

11/29/2000

Loan Approval Gross Amount

$143,000

Loan Approval from the SBA

Of the total $143,000 loan amount, the SBA guaranteed $107,250.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Peoples Community Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Find Start-Up Capital

SBA 7A Banks in Mazomanie, Wisconsin

SBA Lenders in Wisconsin