Tomah, Wisconsin Business Gets SBA-Guaranteed Funding from Timberwood Bank

An SBA loan from Timberwood Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tomah, Wisconsin business owner got a $60,000 loan.

Getting a small business loan in Tomah, Wisconsin was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Timberwood Bank, operating out of Tomah, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SHOPS
TOMAH, WI 54660

SBA Loan Lender

TIMBERWOOD BANK
110 W VETERANS ST
TOMAH, WI 54660

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 commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

3/25/2004

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

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 21 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Timberwood Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Timberwood Bank 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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