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December 20, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Richland Center, Business Loans > Community First Bank Richland Center Business Loans > Sawmills And Planing Mills, General Loan | ||||
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Muscoda, Wisconsin Bank Loan
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Raising Money for SawmillsWith these business loans for sawmills, the SBA guarantees the lender that the loan will be repaid. This sawmills loan for $456,000 was given to a Wisconsin entrepreneur in 2003. This business knew how to go about getting a business bank loan. Based in Muscoda, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Community First Bank, based in Richland Center, Wisconsin. SBA Loan Borrower COMPANY TYPE: SAWMILLS AND PLANING MILLS, GENERAL SBA Loan Lender COMMUNITY FIRST BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2421 - Sawmills and Planing Mills, General NAICS Code 321113 - Sawmills Loan Approval Date 4/18/2003 Loan Approval Gross Amount $456,000 Loan Approval from the SBA Of the total $456,000 loan amount, the SBA guaranteed $342,000. 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 8 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community First Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Who Lends Money to Small Businesses in Richland Center, Wisconsin
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