Entrepreneur Works With Fond Du Lac, Wisconsin Bank to Get an SBA Loan

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

Applying for an SBA loan with Hometown Bank worked out well for our friends at one local firm in Wausau, Wisconsin. They received an SBA loan for $378,500. Sweet!

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
WAUSAU, WI 54401

SBA Loan Lender

HOMETOWN BANK
80 SHEBOYGAN ST
FOND DU LAC, WI 54935

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

8/14/2007

Loan Approval Gross Amount

$378,500

Loan Approval from the SBA

Of the total $378,500 loan amount, the SBA guaranteed $283,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $378,500 loan. Remember, things become real when you believe you can achieve them!

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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Getting an SBA Loan in Wisconsin