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November 15, 2024 |
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| Home > Small Business Lenders by State > Arizona Business Loan Sources > Milwaukee, Business Loans > M&i Marshall & Ilsley Bank Milwaukee Business Loans > Personal Care Services Loan | ||||
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Wisconsin SBA Banks
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Milwaukee, Wisconsin Bank Gives SBA Loan to Personal Care Services CompanyThinking about meeting with a Milwaukee, Wisconsin bank about a small business loan? Here's one Arizona business loan, issued by a Milwaukee bank, that was approved by the SBA. Applying for an SBA loan with M&i Marshall & Ilsley Bank worked out well for our friends at one local business in Mesa, Arizona. They got an SBA loan for $93,500. Way to go! SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender M&I MARSHALL & ILSLEY BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Personal Care Services Loan Approval Date 10/23/2003 Loan Approval Gross Amount $93,500 Loan Approval from the SBA Of the total $93,500 loan amount, the SBA guaranteed $79,475. 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 only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 $93,500 loan. Remember, anyone can do it... so why not you? 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: Realistic Debt Financing Options Who Lends Money to Small Businesses in Milwaukee, Wisconsin
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