Financing for Iron and Steel Mills

Looking for loans for iron and steel mills? Talk to a banker who works with the SBA. This $292,500 iron and steel mills loan was issued by a Wisconsin bank.

Getting a small business loan in Mt Horeb, Wisconsin was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Farmers Savings Bank, operating out of Dodgeville, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: STEEL FOUNDRIES
MT HOREB, WI 53572

SBA Loan Lender

FARMERS SAVINGS BANK
1113 N JOHNS ST
DODGEVILLE, WI 53533

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3325 - Steel Foundries

NAICS Code

331111 - Iron and Steel Mills

Loan Approval Date

2/10/2005

Loan Approval Gross Amount

$292,500

Loan Approval from the SBA

Of the total $292,500 loan amount, the SBA guaranteed $219,375.

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 6 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Farmers Savings Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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