Business Loan from Port Washington State Bank Given to Manufacturing Industries Company

Port Washington State Bank has a track record as a leading provider of SBA loans. Find out how this Wisconsin entrepreneur received an SBA loan from them.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Port Washington State Bank, out of Port Washington, Wisconsin. The loan was granted and they received $235,175 to help grow their Port Washington, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
PORT WASHINGTON, WI 53074

SBA Loan Lender

PORT WASHINGTON STATE BANK
206 N FRANKLIN ST
PORT WASHINGTON, WI 53074

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

339112 - Surgical and Medical Instrument Manufacturing

Loan Approval Date

1/31/2005

Loan Approval Gross Amount

$235,175

Loan Approval from the SBA

Of the total $235,175 loan amount, the SBA guaranteed $176,381.

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 8 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

We've showcased information on this loan to let you know that businesses like yours 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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