Pewaukee, Wisconsin Business Gets SBA-Guaranteed Funding from Sunset Bank & Savings

Sunset Bank & Savings is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans.

This growing company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Sunset Bank & Savings, out of Waukesha, Wisconsin. The loan was granted and they received $125,850 to help grow their Pewaukee, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL FITNESS FACILITIES
PEWAUKEE, WI 53072

SBA Loan Lender

SUNSET BANK & SAVINGS
521 W SUNSET DR
WAUKESHA, WI 53189

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

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

3/31/2003

Loan Approval Gross Amount

$125,850

Loan Approval from the SBA

Of the total $125,850 loan amount, the SBA guaranteed $106,972.

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 6 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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