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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Columbus, Business Loans > Irwin Union Bank, F.S.B. Columbus Business Loans > Physicians Loan | ||||
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Thiensville, Wisconsin Bank for SBA Loans
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Raising Money for PhysiciansLooking for bank loans for physicians? The SBA may be the answer. This $350,000 physicians loan was issued by an Indiana bank. This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Irwin Union Bank, F.S.B., out of Columbus, Indiana. The loan was granted and they received $350,000 to help grow their Thiensville, Wisconsin business. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender IRWIN UNION BANK, F.S.B. 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 621111 - Physicians Loan Approval Date 10/18/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 10 existing jobs. Next Steps for Getting an SBA Loan If you need money to start business in Thiensville WI, you ought to talk with a local Thiensville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Thiensville 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 Irwin Union Bank, F.S.B. 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:
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