Oconomowoc, Wisconsin Business Gets SBA-Guaranteed Funding from Town Bank

Town Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level.

This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Town Bank, out of Hartland, Wisconsin. The loan was granted and they received $134,937 to help grow their Oconomowoc, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
OCONOMOWOC, WI 53066

SBA Loan Lender

TOWN BANK
850 W NORTH SHORE DR
HARTLAND, WI 53029

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business 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

7389 - Business Services

NAICS Code

561910 - Packaging and Labeling Services

Loan Approval Date

12/16/2002

Loan Approval Gross Amount

$134,937

Loan Approval from the SBA

Of the total $134,937 loan amount, the SBA guaranteed $114,696.

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 20 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $134,937. How would you spend $134,937 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Advice on Getting a Small Business Loan

Best Banks for Small Business in Hartland, Wisconsin

Where to Get an SBA Loan Wisconsin