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November 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Grafton, Business Loans > Cornerstone Community Bank Grafton Business Loans > Piece Goods, Notions, And Dry Goods Merchant Wholesalers Loan | ||||
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I Need a Business Loan in Milwaukee, Wisconsin
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Borrowing Money for Piece Goods, Notions, and Dry Goods Merchant WholesalersWith these loans for piece goods, notions, and dry goods merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This piece goods, notions, and dry goods merchant wholesalers loan for $65,000 was given to a Wisconsin entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Milwaukee, Wisconsin was able to borrow $65,000 from Cornerstone Community Bank. The SBA made the loan possible by guaranteeing $32,500 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: PIECE GOODS, NOTIONS, AND DRY GOODS MERCHANT WHOLESALERS SBA Loan Lender CORNERSTONE COMMUNITY BANK The lender provided this SBA business 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 424310 - Piece Goods, Notions, and Dry Goods Merchant Wholesalers Loan Approval Date 11/26/2007 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $32,500. 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 16 employees. The SBA loan documents indicated that the loan would help retain 16 existing jobs. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Milwaukee or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Where to Get an SBA Loan in Grafton, Wisconsin
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