SBA Loans for Special Needs Transportation

With these SBA loans for special needs transportation, the SBA guarantees the lender that the loan will be repaid. This special needs transportation loan for $72,420 was given to a Wisconsin entrepreneur in 2007.

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 2007. The lending bank was Bank Of Wausau, based in Wausau, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: SPECIAL NEEDS TRANSPORTATION
WAUSAU, WI 54401

SBA Loan Lender

BANK OF WAUSAU
2010 STEWART AVE
WAUSAU, WI 54401

This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

485991 - Special Needs Transportation

Loan Approval Date

8/8/2007

Loan Approval Gross Amount

$72,420

Loan Approval from the SBA

Of the total $72,420 loan amount, the SBA guaranteed $61,557.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 52 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 50 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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:

Role of Business Plan When Raising Money

Best Wausau, Wisconsin Banks for Small Business

SBA Lenders in Wisconsin