Mequon, Wisconsin Business Gets SBA-Guaranteed Funding from Community Bank Group

An SBA loan from Community Bank Group typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mequon, Wisconsin business owner got a $105,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Mequon, Wisconsin was able to borrow $105,000 from Community Bank Group. The SBA made the loan possible by guaranteeing $52,500 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: SIGN MANUFACTURING
MEQUON, WI 53092

SBA Loan Lender

COMMUNITY BANK GROUP
101 FALLS RD
GRAFTON, WI 53024

This lender processed this 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

339950 - Sign Manufacturing

Loan Approval Date

2/6/2007

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $52,500.

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 6 employees. The SBA loan documents indicated that the loan would help create 6 new jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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:

Obtaining Funding - Friends and Family

Banks in Grafton, Wisconsin

Getting a Business Loan in Wisconsin