Business Loan from Bank Mutual Given to Florists Company

An SBA loan from Bank Mutual typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a West Bend, Wisconsin business owner got a $30,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Bend, Wisconsin was able to borrow $30,000 from Bank Mutual. The SBA made the loan possible by guaranteeing $15,000 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
WEST BEND, WI 53095

SBA Loan Lender

BANK MUTUAL
4949 W BROWN DEER RD
MILWAUKEE, WI 53223

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453110 - Florists

Loan Approval Date

2/11/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

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 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Mutual had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Mutual 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.

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Getting an SBA Loan in Wisconsin