Business Loan from Bank Of Wausau Given to Motor Vehicle Dealers Company

Bank Of Wausau 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 received financial assistance through the SBA's lending programs back in 2008. They applied for an SBA loan with Bank Of Wausau, out of Wausau, Wisconsin. The loan was granted and they received $99,375 to help grow their Wausau, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
WAUSAU, WI 54401

SBA Loan Lender

BANK OF WAUSAU
2010 STEWART AVE
WAUSAU, WI 54401

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441229 - Motor Vehicle Dealers

Loan Approval Date

1/16/2008

Loan Approval Gross Amount

$99,375

Loan Approval from the SBA

Of the total $99,375 loan amount, the SBA guaranteed $84,468.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Wausau had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Wausau made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

How Much Venture Capital Is There?

Best Banks in Wausau, Wisconsin

SBA Lenders in Wisconsin