Walworth, Wisconsin Business Gets SBA-Guaranteed Funding from Park Bank
Park Bank has a track record as a leading provider of SBA loans. Find out how this Wisconsin entrepreneur received an SBA loan from them.
Getting a small business loan in Walworth, Wisconsin was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Park Bank, operating out of Brookfield, Wisconsin. Here are the details on this Wisconsin small business loan.
SBA Loan Borrower
COMPANY TYPE: WOOD KITCHEN CABINET AND COUNTERTOP MANUFACTURING
WALWORTH, WI 53184
SBA Loan Lender
PARK BANK
15850 W BLUEMOUND RD
BROOKFIELD, WI 53005
The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
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
337110 - Wood Kitchen Cabinet and Countertop Manufacturing
Loan Approval Date
8/23/2005
Loan Approval Gross Amount
$175,000
Loan Approval from the SBA
Of the total $175,000 loan amount, the SBA guaranteed $87,500.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 79 employees. The SBA loan documents indicated that the loan would help retain 79 existing jobs.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Park Bank and they will explain how you can get an SBA loan for your company.
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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