Colby, Wisconsin Bank Lends Money to Supermarkets And Grocery Stores Company in Lyndon Station, Wisconsin

Thinking about meeting with a Colby, Wisconsin bank about an SBA loan? Here's one Wisconsin business loan, issued by a Colby bank, that was approved by the SBA.

Applying for an SBA loan with Community Bank - Cent. Wisconsin worked out well for our friends at one local business in Lyndon Station, Wisconsin. The business was able to get an SBA loan for $130,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
LYNDON STATION, WI 53944

SBA Loan Lender

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

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

445110 - Supermarkets and Grocery Stores

Loan Approval Date

4/30/2007

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $65,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 22 employees. The SBA loan application for the borrower indicated that the loan would help retain 22 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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