First Bank Financial Centre SBA Loan to Engineering Services Company

An SBA loan from First Bank Financial Centre typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Sun Prairie, Wisconsin business owner got a $130,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sun Prairie, Wisconsin was able to borrow $130,000 from First Bank Financial Centre. The SBA made the loan possible by guaranteeing $65,000 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
SUN PRAIRIE, WI 53590

SBA Loan Lender

FIRST BANK FINANCIAL CENTRE
155 W WISCONSIN AVE
OCONOMOWOC, WI 53066

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

541330 - Engineering Services

Loan Approval Date

5/31/2007

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $65,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 23 employees. The SBA loan documents indicated that the funding would help create 6 new jobs.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Sun Prairie WI, you ought to talk with a local Sun Prairie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sun Prairie businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Bank Financial Centre and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Getting a Small Business Loan

SBA 7A Banks in Oconomowoc, Wisconsin

Browse All Business Loan Sources for Wisconsin