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SBA Lending

Community Bank & Trust specializes in U.S. Small Business Administration guaranteed loans and is recognized as the 2nd largest SBA volume lending Bank in Wisconsin. We are designated as both a Preferred and Express lender with the SBA. This allows us to underwrite your small business loan quickly and efficiently.

A Community Bank & Trust SBA Loan can help you:

• Open your own business.
• Purchase an existing business, building, or land.
• Construct, expand, or improve a building.
• Purchase machinery, equipment, furniture or fixtures.
• Acquire inventory or fund working capitall.
• Refinance existing business related debt on more favorable terms.

Benefits of an SBA Guaranteed Loan from Community Bank & Trust:

• Fast loan approval with Community Bank & Trust's Preferred and Express designations.
• Longer terms and amortization.
• Improved cash flow through a lower payment.
• Larger loan amount than might otherwise be available.
• Competitive interest rates and terms.
• No balloon payments to worry about.
• Closing costs can be included in loan.

Basic Terms and Conditions of SBA Guaranteed Loans:

• Business must be operated for profit and meet size limits set by SBA.
• Loan proposals must contain previous financial records and additional required documentation. Business owners must demonstrate company's ability to repay the loan.
• For new businesses, SBA guidelines generally require a minimum capital investment by the owner ranging from 10-50% of the total project cost. The capital requirement varies depending upon the project specifications.
• For existing businesses, the historical financial statements must demonstrate that the business can operate on a sound financial basis.

Loan Limits:

• SBA 7(a) Term Loan - $2,000,000
• SBA Express - $350,000
• SBA 504 Debentures - $2,000,000 (up to $4,000,000 for certain manufacturers)

Use of Proceeds:

• Funds are available for a variety of business purposes, including the purchase of land, buildings, equipment or supplies, in addition to the working capital necessary to cover day-to-day operating costs.

Loan Terms:

• Repayment terms generally range from 5-7 years for working capital, 7-10 years for equipment and certain fixed assets and 15-25 years for real estate acquisitions or construction.

Interest Rates:

• Rates are negotiated by the Lender and Borrower, and are subject to the maximums allowed by the SBA.

Collateral:

• The SBA requires that sufficient assets be pledged as collateral to ensure the business owner has a substantial interest in the business' success.
• Personal guarantees will be required of anyone owning at least 20% of the business.

As a community bank, we are dedicated to helping businesses and individuals within our communities. As you are researching your business needs, be sure to consider us for your financial partner.

To obtain more information please contact one of our Commercial Lenders either in person or by phone at 1-888-582-4440 / 1-920-459-4444.