Mequon, Wisconsin Entrepreneur Gets a Business Loan
Want a Wisconsin SBA loan? This Wisconsin entrepreneur got an SBA loan, provided by a Minnesota bank that works with the SBA to help small business owners.
Getting a small business loan in Mequon, Wisconsin was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Guaranty Bank. Here are the details on this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SALONS
MEQUON, WI 53092
SBA Loan Lender
GUARANTY BANK
3001 METRO DR, STE 320
BLOOMINGTON, MN 55425
This debt financing 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
812112 - Beauty Salons
Loan Approval Date
3/28/2007
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
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 47 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 49 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Guaranty Bank and they will explain how you can get an SBA loan for your company.
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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