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November 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Barron, Business Loans > Sterling Bank Barron Business Loans > Sawmills And Planing Mills, General Loan | ||||
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We Needed a Business Loan in Rice Lake, Wisconsin and We Got One!
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Financing for SawmillsWith these loans for sawmills, the SBA guarantees the lender that the loan will be repaid. This sawmills loan for $1,035,000 was given to a Wisconsin entrepreneur in 2001. This small firm knew how to go about getting a business bank loan. Based in Rice Lake, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Sterling Bank, based in Barron, Wisconsin. SBA Loan Borrower COMPANY TYPE: SAWMILLS AND PLANING MILLS, GENERAL SBA Loan Lender STERLING BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2421 - Sawmills and Planing Mills, General NAICS Code 321113 - Sawmills Loan Approval Date 3/9/2001 Loan Approval Gross Amount $1,035,000 Loan Approval from the SBA Of the total $1,035,000 loan amount, the SBA guaranteed $776,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 19 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Obtaining Funding From a Venture Capitalist Best Banks in Barron, Wisconsin
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