The Peoples Community Bank SBA Loan to Industrial Organic Chemicals, N.E.C Company

The Peoples Community Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level.

This business knew how to go about getting a business bank loan. Based in Spring Green, Wisconsin, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was The Peoples Community Bank, based in Mazomanie, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL ORGANIC CHEMICALS, N.E.C
SPRING GREEN, WI 53588

SBA Loan Lender

THE PEOPLES COMMUNITY BANK
222 W COMMERCIAL ST
MAZOMANIE, WI 53560

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

2869 - Industrial Organic Chemicals, N.E.C

Loan Approval Date

1/31/2000

Loan Approval Gross Amount

$116,400

Loan Approval from the SBA

Of the total $116,400 loan amount, the SBA guaranteed $87,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $116,400 loan. Remember, anyone can do it... so why not 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.

Related Links:

Direct Public Offerings

Best Banks in Mazomanie, Wisconsin

Getting a Business Loan in Wisconsin