Business Loan from State Bank Of Viroqua Given to Special Industry Machinery Company

State Bank Of Viroqua is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Wisconsin entrepreneur who tapped into the power of SBA loans.

This growing company knew how to go about getting a business bank loan. Based in Viroqua, Wisconsin, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was State Bank Of Viroqua, based in Viroqua, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: SPECIAL INDUSTRY MACHINERY
VIROQUA, WI 54665

SBA Loan Lender

STATE BANK OF VIROQUA
101 N MAIN ST
VIROQUA, WI 54665

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3559 - Special Industry Machinery

NAICS Code

333999 - General Purpose Machinery Manufacturing

Loan Approval Date

7/26/2002

Loan Approval Gross Amount

$540,831

Loan Approval from the SBA

Of the total $540,831 loan amount, the SBA guaranteed $405,623.

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 only one employee. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $540,831 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Small Business Loan

Best Viroqua, Wisconsin Banks for Small Business

Wisconsin SBA 7A Lenders