Community Bank Group SBA Loan to Automotive Services Company

Want a Wisconsin SBA loan? Here's one Wisconsin business loan that was approved by the SBA.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in West Salem, Wisconsin was able to borrow $207,500 from Community Bank Group. The SBA made the loan possible by guaranteeing $155,625 of this Wisconsin small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
WEST SALEM, WI 54669

SBA Loan Lender

COMMUNITY BANK GROUP
1400 WATERLOO AVE
WEST SALEM, WI 54669

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7549 - Automotive Services

Loan Approval Date

5/10/2000

Loan Approval Gross Amount

$207,500

Loan Approval from the SBA

Of the total $207,500 loan amount, the SBA guaranteed $155,625.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Community Bank Group that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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 - How to Borrow Money

Good Banks for Small Business in West Salem, Wisconsin

Getting an SBA Loan in Wisconsin