Mondovi, Wisconsin Business Gets SBA-Guaranteed Funding from United Bank

An SBA loan from United Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mondovi, Wisconsin business owner got a $228,500 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mondovi, Wisconsin was able to borrow $228,500 from United Bank. The SBA made the loan possible by guaranteeing $171,375 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: POULTRY SLAUGHTERING AND PROCESSING
MONDOVI, WI 54755

SBA Loan Lender

UNITED BANK
50518 CHARLES ST
OSSEO, WI 54758

This lender issued this business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2015 - Poultry Slaughtering and Processing

NAICS Code

311612 - Meat Processed from Carcasses

Loan Approval Date

10/6/2004

Loan Approval Gross Amount

$228,500

Loan Approval from the SBA

Of the total $228,500 loan amount, the SBA guaranteed $171,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Mondovi 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.

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