First National Bank SBA Loan to Water, Sewer, And Utility Lines Company

Searching for a Wisconsin small business loan? Here's one Wisconsin business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Shiocton, Wisconsin, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was First National Bank, based in Clintonville, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
SHIOCTON, WI 54170

SBA Loan Lender

FIRST NATIONAL BANK
135 S MAIN ST
CLINTONVILLE, WI 54929

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1623 - Water, Sewer, and Utility Lines

Loan Approval Date

8/8/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 6 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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