Get an SBA Loan for Carpentry Contractors
With these bank loans for carpentry contractors, the SBA guarantees the lender that the loan will be repaid. This carpentry contractors loan for $104,000 was given to a Minnesota entrepreneur in 2000.
This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Alliance Bank, out of Cochrane, Wisconsin. The loan was granted and they received $104,000 to help grow their Winona, Minnesota business.
SBA Loan Borrower
COMPANY TYPE: CARPENTRY WORK
WINONA, MN 55987
SBA Loan Lender
ALLIANCE BANK
103 S MAIN
COCHRANE, WI 54622
This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1751 - Carpentry Work
NAICS Code
235510 - Carpentry Contractors
Loan Approval Date
2/28/2000
Loan Approval Gross Amount
$104,000
Loan Approval from the SBA
Of the total $104,000 loan amount, the SBA guaranteed $78,000.
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 7 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.
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.
If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Alliance Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Dealing With Venture Capitalists
SBA Banks in Cochrane, Wisconsin
Getting an SBA Loan in Wisconsin