Reedsburg, Wisconsin Bank Lends Money to Manufacturing Industries Company in Baraboo, Wisconsin

Want to talk with a Reedsburg, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Reedsburg bank, that was approved by the SBA.

Applying for an SBA loan with Community Bank Group worked out well for our friends at one local company in Baraboo, Wisconsin. They received an SBA loan for $130,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING INDUSTRIES
BARABOO, WI 53913

SBA Loan Lender

COMMUNITY BANK GROUP
201 MAIN ST
REEDSBURG, WI 53959

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3999 - Manufacturing Industries

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

1/24/2006

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

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 3 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Community Bank Group 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:

Realistic Debt Financing Options

SBA Banks in Reedsburg, Wisconsin

Wisconsin SBA 7A Banks