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

A Crivitz, Wisconsin small business loan can be yours. Learn how a company got a $211,000 business loan from this Wisconsin bank.

This loan to a local firm is a good example of an SBA loan. Bank North made the loan and the SBA guaranteed a portion of the loan. Many other Wisconsin entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: FINISHERS OF BROADWOVEN FABRICS OF COTTON
OCONTO FALLS, WI 54154

SBA Loan Lender

BANK NORTH
606 HENRIETTE ST
CRIVITZ, WI 54114

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2261 - Finishers of Broadwoven Fabrics of Cotton

NAICS Code

313311 - Broadwoven Fabric Finishing Mills

Loan Approval Date

9/25/2000

Loan Approval Gross Amount

$211,000

Loan Approval from the SBA

Of the total $211,000 loan amount, the SBA guaranteed $158,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

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 Bank North 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:

Business Line of Credit

SBA Participating Banks in Crivitz, Wisconsin

Wisconsin SBA 7A Banks