Business Loan from The Baraboo National Bank Given to Lawyers Company

An SBA loan from The Baraboo National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Reedsburg, Wisconsin business owner got a $80,000 loan.

This business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with The Baraboo National Bank, out of Baraboo, Wisconsin. The loan was granted and they received $80,000 to help grow their Reedsburg, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: LAWYERS
REEDSBURG, WI 53959

SBA Loan Lender

THE BARABOO NATIONAL BANK
101 3RD AVE
BARABOO, WI 53913

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541110 - Lawyers

Loan Approval Date

1/31/2007

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had no employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

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

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Getting a Small Business Loan

Small Business Banks in Baraboo, Wisconsin

Wisconsin SBA 7A Lenders