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December 25, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Minneapolis, Business Loans > Wells Fargo Bank Minneapolis Business Loans > General Automotive Repair Shops Loan | ||||
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SBA Lender Oconto Wisconsin
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Borrowing Money for General Automotive RepairLooking for small business loans for general automotive repair? An SBA loan may be just what you've been looking for. This $188,000 general automotive repair loan was issued by a Minnesota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Oconto, Wisconsin was able to borrow $188,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $141,000 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender WELLS FARGO BANK This lender provides SBA debt financing 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. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 5/10/2000 Loan Approval Gross Amount $188,000 Loan Approval from the SBA Of the total $188,000 loan amount, the SBA guaranteed $141,000. 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 SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. 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 $188,000. How would you spend $188,000 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: Obtaining Funding - How to Borrow Money Best Banks in Minneapolis, Minnesota
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