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November 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Green Bay, Business Loans > Associated Bank Green Bay Business Loans > Roofing Contractors Loan | ||||
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Banks Doing SBA Loans in Wisconsin
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Green Bay, Wisconsin Lender Lends Money to Roofing Contractors CompanyThinking about meeting with a Green Bay, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Green Bay bank, that was approved by the SBA. Applying for an SBA loan with Associated Bank worked out well for our friends at one local firm in Middleton, Wisconsin. The business was able to get an SBA loan for $41,400. Awesome! SBA Loan Borrower COMPANY TYPE: ROOFING CONTRACTORS SBA Loan Lender ASSOCIATED BANK The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 238160 - Roofing Contractors Loan Approval Date 4/13/2005 Loan Approval Gross Amount $41,400 Loan Approval from the SBA Of the total $41,400 loan amount, the SBA guaranteed $20,700. 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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs. 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Associated Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Associated Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Microlending as a Small Business Funding Source SBA Approved Banks in Green Bay, Wisconsin
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