Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Best Banks in Wisconsin

 

 
Loan Census SBA Loan Info

Commercial Loans for Concrete Contractors

With these commercial loans for concrete contractors, the SBA guarantees the lender that the loan will be repaid. This concrete contractors loan for $35,000 was given to a Wisconsin entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Neenah, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Community First Cu, based in Appleton, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: CONCRETE WORK
NEENAH, WI 54956

SBA Loan Lender

COMMUNITY FIRST CU
2626 S ONEIDA ST
APPLETON, WI 54915

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

1771 - Concrete Work

NAICS Code

235710 - Concrete Contractors

Loan Approval Date

12/30/2002

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

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

Next Steps for Getting an SBA Loan

If you need money to start business in Neenah WI, you ought to talk with a local Neenah SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Neenah businesses.

We can help you find the best banks for small businesses in Neenah or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

How Equity Dilution Works

SBA 7A Banks for Appleton, Wisconsin Loans

Find an SBA Lender in Wisconsin