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December 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Mukwonago, Business Loans > Citizens Bank Of Mukwonago Mukwonago Business Loans > Metal Stampings Loan | ||||
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SBA Lender Wisconsin
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SBA Loan from Citizens Bank Of Mukwonago Helps Metal Stampings CompanyCitizens Bank Of Mukwonago is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Muskego, Wisconsin, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Citizens Bank Of Mukwonago, based in Mukwonago, Wisconsin. SBA Loan Borrower COMPANY TYPE: METAL STAMPINGS SBA Loan Lender CITIZENS BANK OF MUKWONAGO The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3469 - Metal Stampings NAICS Code 332116 - Metal Stamping Loan Approval Date 7/28/2003 Loan Approval Gross Amount $56,000 Loan Approval from the SBA Of the total $56,000 loan amount, the SBA guaranteed $47,600. 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 12 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Obtaining Funding - Friends and Family
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