SBA Loan from Green Lake State Bank Helps Steel Foundries Company

Green Lake State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Ripon, Wisconsin was an essential business goal for this firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Green Lake State Bank, operating out of Green Lake, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: STEEL FOUNDRIES
RIPON, WI 54971

SBA Loan Lender

GREEN LAKE STATE BANK
515 HILL ST
GREEN LAKE, WI 54941

This lender issued this SBA business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

3325 - Steel Foundries

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

8/10/2005

Loan Approval Gross Amount

$794,000

Loan Approval from the SBA

Of the total $794,000 loan amount, the SBA guaranteed $595,500.

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 30 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Ripon WI, you ought to talk with a local Ripon SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ripon businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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:

How Equity Dilution Works

Find an SBA Lender in Green Lake, Wisconsin

Getting a Business Loan in Wisconsin