West Bend Savings Bank SBA Loan to Wood Products Company

An SBA loan from West Bend Savings Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Muskego, Wisconsin business owner got a $96,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Muskego, Wisconsin, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was West Bend Savings Bank, based in West Bend, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCTS
MUSKEGO, WI 53150

SBA Loan Lender

WEST BEND SAVINGS BANK
201 S FIFTH AVE
WEST BEND, WI 53095

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2499 - Wood Products

Loan Approval Date

9/15/2000

Loan Approval Gross Amount

$96,000

Loan Approval from the SBA

Of the total $96,000 loan amount, the SBA guaranteed $76,800.

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 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like West Bend 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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