Port Washington State Bank Gives Bank Loan to Women's And Children's Clothing Company
WisconsinSmall business loans are available to Wisconsin small business owners through the SBA. In this case, a Wisconsin bank provides the loan.
Getting a small business loan in Saukville, Wisconsin was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Port Washington State Bank. Here are the details on this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: WOMEN'S AND CHILDREN'S CLOTHING
SAUKVILLE, WI 53080
SBA Loan Lender
PORT WASHINGTON STATE BANK
206 N FRANKLIN ST
PORT WASHINGTON, WI 53074
This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5137 - Women's and Children's Clothing
NAICS Code
422330 - Women's, Children's, and Infants' Clothing and Accessories Wholesalers
Loan Approval Date
6/6/2000
Loan Approval Gross Amount
$55,000
Loan Approval from the SBA
Of the total $55,000 loan amount, the SBA guaranteed $44,000.
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 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
We can help you find the best banks for small businesses in Saukville 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 Banks in Port Washington, Wisconsin
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