Get an SBA Loan for Chemical and Fertilizer Mineral Mining

Looking for loans for chemical and fertilizer mineral mining? An SBA loan may be just what you've been looking for. This $52,000 chemical and fertilizer mineral mining loan was issued by a Wisconsin bank.

Getting a small business loan in Ridgeland, Wisconsin was important for this growing firm back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Hiawatha National Bank, operating out of Glenwood City, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: CHEMICAL AND FERTILIZER MINERAL MINING
RIDGELAND, WI 54763

SBA Loan Lender

HIAWATHA NATIONAL BANK
220 E OAK ST
GLENWOOD CITY, WI 54013

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1479 - Chemical and Fertilizer Mineral Mining

NAICS Code

212393 - Chemical and Fertilizer Mineral Mining

Loan Approval Date

4/15/2002

Loan Approval Gross Amount

$52,000

Loan Approval from the SBA

Of the total $52,000 loan amount, the SBA guaranteed $44,200.

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 6 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Hiawatha National 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.

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