Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

SBA Lenders in Withee

 

 
Loan Census SBA Loan Info

Withee, Wisconsin Business Gets SBA-Guaranteed Funding from Community Bank - Cent. Wisconsin

An SBA loan from Community Bank - Cent. Wisconsin typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Withee, Wisconsin business owner got a $226,600 loan.

Getting a small business loan in Withee, Wisconsin was an essential business goal for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Community Bank - Cent. Wisconsin, operating out of Colby, Wisconsin. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
WITHEE, WI 54498

SBA Loan Lender

COMMUNITY BANK - CENT. WISCONSIN
1122 N DIVISION ST
COLBY, WI 54421

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

12/14/2005

Loan Approval Gross Amount

$226,600

Loan Approval from the SBA

Of the total $226,600 loan amount, the SBA guaranteed $113,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the borrowed money would help create 7 new jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Bank - Cent. Wisconsin that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

How Much Venture Capital Is There?

Who Lends Money to Small Businesses in Colby, Wisconsin

Wisconsin SBA 7A Lenders