Acuity Bank SBA Loan to Fabricated Rubber Products, N.E.C Company

An SBA loan from Acuity Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Webster, Wisconsin business owner got a $585,000 loan.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Acuity Bank, out of Tomah, Wisconsin. The loan was granted and they received $585,000 to help grow their Webster, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: FABRICATED RUBBER PRODUCTS, N.E.C
WEBSTER, WI 54893

SBA Loan Lender

ACUITY BANK
909 SUPERIOR AVE
TOMAH, WI 54660

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began 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.

SIC Code

3069 - Fabricated Rubber Products, N.E.C

Loan Approval Date

10/16/2000

Loan Approval Gross Amount

$585,000

Loan Approval from the SBA

Of the total $585,000 loan amount, the SBA guaranteed $438,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Advice on Getting a Small Business Loan

SBA Participating Banks in Tomah, Wisconsin

SBA Participating Banks in Wisconsin