Milwaukee, Wisconsin Lender Lends Money to Clothing Accessories Stores Company
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M&i Marshall & Ilsley Bank is a Milwaukee, Wisconsin small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Minnesota company.
SBA Loan Borrower
COMPANY TYPE: CLOTHING ACCESSORIES STORES
Richfield, MN 55423
SBA Loan Lender
M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202
The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
448150 - Clothing Accessories Stores
Loan Approval Date
3/14/2007
Loan Approval Gross Amount
$38,300
Loan Approval from the SBA
Of the total $38,300 loan amount, the SBA guaranteed $19,150.
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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
We can help you find the best banks for small businesses in Richfield 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.
Related Links:
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SBA Participating Banks in Milwaukee, Wisconsin
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