How to Get a Loan for Fabricated Wire Product Manufacturing

With these commercial loans for fabricated wire product manufacturing, the SBA guarantees the lender that the loan will be repaid. This fabricated wire product manufacturing loan for $1,235,000 was given to a Wisconsin entrepreneur in 2001.

This small business knew how to go about getting a business bank loan. Based in Merrill, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Peoples State Bank, based in Wausau, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: WIRE SPRINGS
MERRILL, WI 54452

SBA Loan Lender

PEOPLES STATE BANK
1905 STEWART AVE
WAUSAU, WI 54401

This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3495 - Wire Springs

NAICS Code

332618 - Fabricated Wire Product Manufacturing

Loan Approval Date

11/9/2001

Loan Approval Gross Amount

$1,235,000

Loan Approval from the SBA

Of the total $1,235,000 loan amount, the SBA guaranteed $926,250.

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 146 employees. This SBA loan request did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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SBA 7A Banks for Wausau, Wisconsin Loans

Getting an SBA Loan in Wisconsin