Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Banks in Milton, Wisconsin That Make SBA Loans

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Milton, Wisconsin Bank to Get an SBA Loan

Thinking about meeting with a Milton, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Milton bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Milton worked out well for our friends at one local firm in Milton, Wisconsin. The business was able to get an SBA loan for $32,000. Nice!

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
MILTON, WI 53563

SBA Loan Lender

BANK OF MILTON
323 PARKVIEW DR
MILTON, WI 53563

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

12/22/2000

Loan Approval Gross Amount

$32,000

Loan Approval from the SBA

Of the total $32,000 loan amount, the SBA guaranteed $25,600.

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 7 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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