Cornerstone Community Bank SBA Loan to Video Tape Rental Company

An SBA loan from Cornerstone Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Racine, Wisconsin business owner got a $85,000 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Cornerstone Community Bank, out of Menomonee Falls, Wisconsin. The loan was granted and they received $85,000 to help grow their Racine, Wisconsin business.

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE RENTAL
RACINE, WI 53405

SBA Loan Lender

CORNERSTONE COMMUNITY BANK
N 91 W 17231 APPLETON AVE
MENOMONEE FALLS, WI 53052

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7841 - Video Tape Rental

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

9/15/2003

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

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 7 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

The Friends and Family Network

Who Lends Money to Small Businesses in Menomonee Falls, Wisconsin

Getting an SBA Loan in Wisconsin