SBA Loans for Nonferrous Die-Casting Foundries

With these SBA loans for nonferrous die-casting foundries, the SBA guarantees the lender that the loan will be repaid. This nonferrous die-casting foundries loan for $1,600,000 was given to a Wisconsin entrepreneur in 2000.

This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Wisconsin Community Bank, out of Sheboygan, Wisconsin. The loan was granted and they received $1,600,000 to help grow their Sullivan, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: NONFERROUS DIE-CASTINGS
SULLIVAN, WI 53178

SBA Loan Lender

WISCONSIN COMMUNITY BANK
4706 S TAYLOR DR
SHEBOYGAN, WI 53081

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3364 - Nonferrous Die-Castings

NAICS Code

331522 - Nonferrous Die-Casting Foundries

Loan Approval Date

9/25/2000

Loan Approval Gross Amount

$1,600,000

Loan Approval from the SBA

Of the total $1,600,000 loan amount, the SBA guaranteed $750,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 33 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Family and Friend Investors - Your First Financiers

SBA 7A Lenders in Sheboygan, Wisconsin

Wisconsin SBA 7A Banks