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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Milwaukee, Business Loans > M&i Marshall & Ilsley Bank Milwaukee Business Loans > Wood Television, Radio, And Sewing Machine Cabinet Manufacturing Loan | ||||
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How Hard Is It to Get a Small Business Loan in Wausau, Wisconsin?
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Wood Television, Radio, and Sewing Machine Cabinet Manufacturing Commercial LoansLooking for commercial loans for wood television, radio, and sewing machine cabinet manufacturing? The SBA may be the answer. This $35,000 wood television, radio, and sewing machine cabinet manufacturing loan was issued by a Wisconsin bank. This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with M&i Marshall & Ilsley Bank, out of Milwaukee, Wisconsin. The loan was granted and they received $35,000 to help grow their Wausau, Wisconsin business. SBA Loan Borrower COMPANY TYPE: WOOD TELEVISION, RADIO, AND SEWING MACHINE CABINET MANUFACTURING SBA Loan Lender M&I MARSHALL & ILSLEY BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 337129 - Wood Television, Radio, and Sewing Machine Cabinet Manufacturing Loan Approval Date 8/11/2003 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $29,750. 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 2 employees. The SBA loan documents indicated that the funding would help generate 1 new job. Getting an SBA Loan For Your Business Although it's called an SBA loan, you 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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