Business Loans for Electronic Computer Manufacturing

Looking for business loans for electronic computer manufacturing? The SBA may be the answer. This $61,020 electronic computer manufacturing loan was issued by a Wisconsin bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sun Prairie, Wisconsin was able to borrow $61,020 from Bank Of Sun Prairie. The SBA made the loan possible by guaranteeing $51,867 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRONIC COMPUTERS
SUN PRAIRIE, WI 53590

SBA Loan Lender

BANK OF SUN PRAIRIE
228 E MAIN ST
SUN PRAIRIE, WI 53590

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3571 - Electronic Computers

NAICS Code

334111 - Electronic Computer Manufacturing

Loan Approval Date

8/29/2002

Loan Approval Gross Amount

$61,020

Loan Approval from the SBA

Of the total $61,020 loan amount, the SBA guaranteed $51,867.

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 5 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Sun Prairie had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Sun Prairie made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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