Raising Money for Broom, Brush, and Mop Manufacturing

Looking for business loans for broom, brush, and mop manufacturing? The SBA may be the answer. This $50,000 broom, brush, and mop manufacturing loan was issued by a Wisconsin bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Community State Bank, out of Union Grove, Wisconsin. The loan was granted and they received $50,000 to help grow their Racine, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: BROOM, BRUSH, AND MOP MANUFACTURING
RACINE, WI 53404

SBA Loan Lender

COMMUNITY STATE BANK
1500 MAIN ST
UNION GROVE, WI 53182

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339994 - Broom, Brush, and Mop Manufacturing

Loan Approval Date

9/14/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

The Art of Bootstrapping

SBA Approved Banks in Union Grove, Wisconsin

SBA Lenders in Wisconsin