Marion, Wisconsin Bank Lends Money to Wood Household Furniture Company in Scandinavia, Wisconsin

Thinking about meeting with a Marion, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Marion bank, that was approved by the SBA.

Applying for an SBA loan with Premier Community Bank worked out well for our friends at one local business in Scandinavia, Wisconsin. The business was able to get an SBA loan for $95,000. Great job!

SBA Loan Borrower

COMPANY TYPE: WOOD HOUSEHOLD FURNITURE
SCANDINAVIA, WI 54977

SBA Loan Lender

PREMIER COMMUNITY BANK
230 MAVIS RD
MARION, WI 54950

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2511 - Wood Household Furniture

NAICS Code

337122 - Nonupholstered Wood Household Furniture Manufacturing

Loan Approval Date

8/1/2001

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 33 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.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Premier Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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