Commercial and Industrial Machinery and Equipment Rental and Leasing Commercial Loans

With these commercial loans for commercial and industrial machinery and equipment rental and leasing, the SBA guarantees the lender that the loan will be repaid. This commercial and industrial machinery and equipment rental and leasing loan for $413,000 was given to a Wisconsin entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in Weston, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Covantage Cu, based in Antigo, Wisconsin.

SBA Loan Borrower

COMPANY TYPE: SERVICES
WESTON, WI 54476

SBA Loan Lender

COVANTAGE CU
723 6TH AVE
ANTIGO, WI 54409

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8999 - Services

NAICS Code

532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing

Loan Approval Date

5/21/2004

Loan Approval Gross Amount

$413,000

Loan Approval from the SBA

Of the total $413,000 loan amount, the SBA guaranteed $309,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Covantage Cu and they will explain how you can get an SBA loan for your company.

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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Find an SBA Lender in Antigo, Wisconsin

Wisconsin SBA Banks