Get an SBA Loan for Heating Equipment Manufacturing

With these loans for heating equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This heating equipment manufacturing loan for $70,000 was given to a Wisconsin entrepreneur in 2003.

Getting a small business loan in Milwaukee, Wisconsin was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Associated Bank, operating out of Elkhorn, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: HEATING EQUIPMENT
MILWAUKEE, WI 53225

SBA Loan Lender

ASSOCIATED BANK
850 N WISCONSIN ST
ELKHORN, WI 53121

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3433 - Heating Equipment

NAICS Code

333414 - Heating Equipment Manufacturing

Loan Approval Date

7/31/2003

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Associated Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Role of Business Plan When Raising Money

Banks in Elkhorn, Wisconsin

SBA Participating Banks in Wisconsin