Raising Money for Cheese Manufacturing

Looking for business loans for cheese manufacturing? The SBA may be the answer. This $1,240,900 cheese manufacturing loan was issued by a Wisconsin bank.

Getting a small business loan in Monticello, Wisconsin was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Monticello, operating out of Monticello, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: NATURAL, PROCESSED, AND IMITATION CHEESE
MONTICELLO, WI 53570

SBA Loan Lender

BANK OF MONTICELLO
238 N MAIN ST
MONTICELLO, WI 53570

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2022 - Natural, Processed, and Imitation Cheese

NAICS Code

311513 - Cheese Manufacturing

Loan Approval Date

9/30/2002

Loan Approval Gross Amount

$1,240,900

Loan Approval from the SBA

Of the total $1,240,900 loan amount, the SBA guaranteed $930,675.

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 13 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of Monticello and they will explain how you can get an SBA loan for your company.

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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