Green Lake, Wisconsin Bank Lends Money to Steel Foundries Company in Ripon, Wisconsin

Get to know Green Lake, Wisconsin banks that specialize in business loans and know how to work with entrepreneurs. Green Lake State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Ripon, Wisconsin starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Green Lake State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: STEEL FOUNDRIES
RIPON, WI 54971

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3325 - Steel Foundries

NAICS Code

331111 - Iron and Steel Mills

Loan Approval Date

9/22/2004

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 15 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Ripon or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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