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November 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Coon Valley, Business Loans > Community Bank Group Coon Valley Business Loans > Grocery Stores Loan | ||||
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Coon Valley Business Loans from Community Bank Group
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Coon Valley, Wisconsin Business Gets SBA-Guaranteed Funding from Community Bank GroupCommunity Bank Group and the SBA work together to get business loans for growing small businesses. Here's an example of how a Wisconsin entrepreneur was able to get a loan to take a small business to the next level. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Community Bank Group, out of Coon Valley, Wisconsin. The loan was granted and they received $90,000 to help grow their Coon Valley, Wisconsin business. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender COMMUNITY BANK GROUP This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 5/21/2002 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. 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 2 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank Group had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank Group made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA 7A Banks in Coon Valley, Wisconsin
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