Mcfarland State Bank SBA Loan to Manufacturing Industries Company

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

This local small business knew how to go about getting a business bank loan. Based in Mcfarland, Wisconsin, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Mcfarland State Bank, based in Mcfarland, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
MCFARLAND, WI 53558

SBA Loan Lender

MCFARLAND STATE BANK
5990 HWY 51
MCFARLAND, WI 53558

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

Loan Approval Date

9/1/2000

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $12,000.

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 5 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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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