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November 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sheboygan, Business Loans > Community Bank & Trust Sheboygan Business Loans > Power Boiler And Heat Exchanger Manufacturing Loan | ||||
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Community Bank & Trust
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Business Loan from Community Bank & Trust Given to Power Boiler And Heat Exchanger Manufacturing CompanyCommunity Bank & Trust has a track record as a leading provider of SBA loans. Find out how this Wisconsin entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sheboygan, Wisconsin was able to borrow $150,000 from Community Bank & Trust. The SBA made the loan possible by guaranteeing $75,000 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: POWER BOILER AND HEAT EXCHANGER MANUFACTURING SBA Loan Lender COMMUNITY BANK & TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 332410 - Power Boiler and Heat Exchanger Manufacturing Loan Approval Date 10/29/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 only one employee. The SBA loan documents indicated that the loan would help generate 20 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding - How to Borrow Money Best Banks in Sheboygan, Wisconsin
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