Getting an SBA Loan for Broom, Brush, and Mop Manufacturing

With these SBA loans for broom, brush, and mop manufacturing, the SBA guarantees the lender that the loan will be repaid. This broom, brush, and mop manufacturing loan for $700,000 was given to a Wisconsin entrepreneur in 2000.

Getting a small business loan in Onalaska, Wisconsin was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Park Bank, operating out of La Crosse, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: BROOMS AND BRUSHES
ONALASKA, WI 54650

SBA Loan Lender

PARK BANK
700 STATE ST
LA CROSSE, WI 54602

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 small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3991 - Brooms and Brushes

NAICS Code

339994 - Broom, Brush, and Mop Manufacturing

Loan Approval Date

7/7/2000

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. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Onalaska WI, you ought to talk with a local Onalaska SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Onalaska businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Determining Proper Capital Structure for a Business

Good Banks for Small Business in La Crosse, Wisconsin

Getting an SBA Loan in Wisconsin