River Valley Bank Gives Bank Loan to Electrical Machinery, Equipment, And Supplies Company

WisconsinSBA loans are available to Wisconsin entrepreneurs through the SBA. In this case, a Wisconsin bank provides the loan.

This company, based in Weston, Wisconsin, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from River Valley Bank. We've got the inside scoop on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL MACHINERY, EQUIPMENT, AND SUPPLIES
WESTON, WI 54476

SBA Loan Lender

RIVER VALLEY BANK
327 N 17TH AVE
WAUSAU, WI 54401

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3699 - Electrical Machinery, Equipment, and Supplies

NAICS Code

335999 - Electrical Equipment and Component Manufacturing

Loan Approval Date

7/31/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

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.

We can help you find the best banks for small businesses in Weston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Alternative Financing

SBA 7A Lenders in Wausau, Wisconsin

SBA Participating Banks in Wisconsin