Fond Du Lac, Wisconsin Lender Lends Money to Automatic Vending Machines Company

Thinking about meeting with a Fond Du Lac, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Fond Du Lac bank, that was approved by the SBA.

Applying for an SBA loan with Natl Exch Bank & Tr worked out well for our friends at one local firm in Van Dyne, Wisconsin. They received an SBA loan for $38,966. Nice!

SBA Loan Borrower

COMPANY TYPE: AUTOMATIC VENDING MACHINES
VAN DYNE, WI 54979

SBA Loan Lender

NATL EXCH BANK & TR
130 S MAIN ST
FOND DU LAC, WI 54935

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3581 - Automatic Vending Machines

NAICS Code

333311 - Automatic Vending Machine Manufacturing

Loan Approval Date

9/15/2003

Loan Approval Gross Amount

$38,966

Loan Approval from the SBA

Of the total $38,966 loan amount, the SBA guaranteed $33,121.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

While you may be able to borrow money from friends and family, 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:

Obtaining Funding - How to Borrow Money

SBA Banks in Fond Du Lac, Wisconsin

Wisconsin SBA Bank Lenders