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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Waterloo, Business Loans > Farmers & Merchants State Bank Waterloo Business Loans > General Long-Distance Freight Trucking Loan | ||||
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Waterloo, Wisconsin Bank for SBA Loans
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Bank Loans for General Long-Distance Freight TruckingLooking for bank loans for general long-distance freight trucking? The SBA may be the answer. This $128,700 general long-distance freight trucking loan was issued by a Wisconsin bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Farmers & Merchants State Bank, out of Waterloo, Wisconsin. The loan was granted and they received $128,700 to help grow their Waterloo, Wisconsin business. SBA Loan Borrower COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING SBA Loan Lender FARMERS & MERCHANTS STATE BANK 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. NAICS Code 484121 - General Long-Distance Freight Trucking Loan Approval Date 3/4/2005 Loan Approval Gross Amount $128,700 Loan Approval from the SBA Of the total $128,700 loan amount, the SBA guaranteed $109,395. 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 SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours 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: Small Business Banks in Waterloo, Wisconsin
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