Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Wisconsin SBA 7A Lenders

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Waukesha, Wisconsin Bank to Get an SBA Loan

Thinking about meeting with a Waukesha, Wisconsin bank about a business loan? Here's one Wisconsin business loan, issued by a Waukesha bank, that was approved by the SBA.

Applying for an SBA loan with Waukesha State Bank worked out well for our friends at one local company in Milwaukee, Wisconsin. They received an SBA loan for $700,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
Milwaukee, WI 53202

SBA Loan Lender

WAUKESHA STATE BANK
100 BANK ST
WAUKESHA, WI 53188

This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/12/2005

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 75 employees. The SBA loan application for the borrower indicated that the loan would help generate 75 new jobs and retain 75 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Waukesha State Bank 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.

Related Links:

504 Loans

SBA 7A Banks in Waukesha, Wisconsin

Getting a Business Loan in Wisconsin