Waukesha, Wisconsin Bank Lends Money to Funeral Service And Crematories Company in Waukesha, Wisconsin

Thinking about meeting with a Waukesha, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Waukesha bank, that was approved by the SBA.

Applying for an SBA loan with Waukesha State Bank worked out well for our friends at one local business in Waukesha, Wisconsin. The business was able to get an SBA loan for $1,880,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES
WAUKESHA, WI 53186

SBA Loan Lender

WAUKESHA STATE BANK
100 BANK ST
WAUKESHA, WI 53188

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7261 - Funeral Service and Crematories

NAICS Code

812210 - Funeral Homes and Funeral Services

Loan Approval Date

1/31/2005

Loan Approval Gross Amount

$1,880,000

Loan Approval from the SBA

Of the total $1,880,000 loan amount, the SBA guaranteed $1,410,000.

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 14 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

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

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

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 $1,880,000 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 Credit Cards

SBA Banks in Waukesha, Wisconsin

Where to Get an SBA Loan Wisconsin