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November 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Brookfield, Business Loans > M&i Marshall & Ilsley Bank Brookfield Business Loans > Retail Stores Loan | ||||
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Small Business Banks for Wausau, Wisconsin Small Business Owners
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Apparel Accessories and Other Apparel Manufacturing SBA LoansLooking for SBA loans for apparel accessories and other apparel manufacturing? Try the SBA. This $50,000 apparel accessories and other apparel manufacturing loan was issued by a Wisconsin bank. This business knew how to go about getting a business bank loan. Based in Wausau, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was M&i Marshall & Ilsley Bank, based in Brookfield, Wisconsin. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender M&I MARSHALL & ILSLEY BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores NAICS Code 315999 - Apparel Accessories and Other Apparel Manufacturing Loan Approval Date 2/8/2002 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 only one employee. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: SBA 7A Banks in Brookfield, Wisconsin
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