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December 22, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Waukesha, Business Loans > Waukesha State Bank Waukesha Business Loans > New Housing Operative Builders Loan | ||||
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SBA Loans from Waukesha State Bank
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Waukesha State Bank SBA Loan to New Housing Operative Builders CompanyAn SBA loan from Waukesha State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Waukesha, Wisconsin business owner got a $75,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Waukesha, Wisconsin was able to borrow $75,000 from Waukesha State Bank. The SBA made the loan possible by guaranteeing $37,500 of this Wisconsin small business loan. SBA Loan Borrower COMPANY TYPE: NEW HOUSING OPERATIVE BUILDERS SBA Loan Lender WAUKESHA STATE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 236117 - New Housing Operative Builders Loan Approval Date 6/15/2006 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. 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 16 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 16 existing jobs. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $75,000 loan. Remember, anyone can do it... so why not you? 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: Small Business Banks in Waukesha, Wisconsin
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