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November 15, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Cross Plains, Business Loans > State Bank Of Cross Plains Cross Plains Business Loans > General Automotive Repair Loan | ||||
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I Need an SBA Loan in Stoughton, Wisconsin
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Commercial Loans for General Automotive RepairLooking for commercial loans for general automotive repair? The SBA may be the answer. This $25,000 general automotive repair loan was issued by a Wisconsin bank. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with State Bank Of Cross Plains, out of Cross Plains, Wisconsin. The loan was granted and they received $25,000 to help grow their Stoughton, Wisconsin business. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender STATE BANK OF CROSS PLAINS This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 811111 - General Automotive Repair Loan Approval Date 10/17/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. 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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Microlending as a Small Business Funding Source SBA Banks in Cross Plains, Wisconsin
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