Wisconsin Bank Loan Issued to Commercial And Service Industry Machinery Manufacturing Company

SBA loans in Wisconsin are are few and far betweeen these days. We take a look at one Wisconsin SBA loan, provided by a Michigan bank, that was approved by the SBA.

You can learn something about getting a small business loan in Menomonee Falls, Wisconsin by studying this loan to a local business, made back in 2004. Banks like Fifth Third Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND SERVICE INDUSTRY MACHINERY MANUFACTURING
MENOMONEE FALLS, WI 53051

SBA Loan Lender

FIFTH THIRD BANK
102 W FRONT ST
TRAVERSE CITY, MI 49684

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333319 - Commercial and Service Industry Machinery Manufacturing

Loan Approval Date

9/22/2004

Loan Approval Gross Amount

$1,875,000

Loan Approval from the SBA

Of the total $1,875,000 loan amount, the SBA guaranteed $1,415,063.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 50 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Menomonee Falls WI, you ought to talk with a local Menomonee Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Menomonee Falls businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,875,000 loan. Remember, things become real when you believe you can achieve them!

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:

The Friends and Family Network

SBA 7A Banks in Traverse City, Michigan

Michigan SBA 7A Lenders