Menomonee Falls, Wisconsin Bank Lends Money to Offices And Clinics Of Chiropractors Company in Milwaukee, Wisconsin

Want to talk with a Menomonee Falls, Wisconsin bank about a small business loan? Here's one Wisconsin business loan, issued by a Menomonee Falls bank, that was approved by the SBA.

Applying for an SBA loan with Cornerstone Community Bank worked out well for our friends at one local firm in Milwaukee, Wisconsin. The business was able to get an SBA loan for $76,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
MILWAUKEE, WI 53214

SBA Loan Lender

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

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Chiropractors

Loan Approval Date

8/29/2002

Loan Approval Gross Amount

$76,000

Loan Approval from the SBA

Of the total $76,000 loan amount, the SBA guaranteed $64,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Cornerstone Community Bank 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:

Financing Your Business

Best Banks in Menomonee Falls, Wisconsin

Wisconsin SBA Bank Lenders