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SBA Lending Spikes in December
Posted on January 10th, 2011 No commentsWith incentives to lend and borrow about to expire, Wisconsin banks advanced $190 million in federally guaranteed Small Business Administration loans in December, by far the largest monthly total in at least five years. The money was packaged in 337 separate loans, also a high number for a month. Read more in the Milwaukee Journal Sentinel.
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SBA Recognizes Sheboygan Bank
Posted on November 21st, 2010 No commentsCommunity Bank & Trust in Sheboygan was recognized by the U.S. Small Business Administration as Wisconsin’s No. 1 SBA volume lender in Sheboygan County. The bank was also recognized for originating the third highest dollar volume within the state of Wisconsin for the fiscal year ending Sept. 30, according to the Sheboygan Press. -
SBA Lending Double from Year Ago
Posted on November 8th, 2010 No commentsSmall Business Administration lending in Wisconsin surged last month as stimulus measures again took effect. The $96.7 million in SBA loans in October was more than double the September figure and represented the state’s highest monthly total in at least five years, the Milwaukee Journal Sentinel reported. -
SBA Lending Down 29 Percent from ’09
Posted on September 14th, 2010 No commentsThe SBA approved $9.1 million in loans in Kenosha, Milwaukee, Ozaukee, Racine, Washington and Waukesha counties in August 2010, down 29 percent from the $12.7 million approved in August 2009. In late spring, the SBA ran out of money for a popular stimulus program that eliminated some loan fees and increased guarantees from 75 percent to 90 percent for most SBA loans, the Business Journal of Milwaukee noted.
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Entrepreneur Hits SBA Loan Snags
Posted on August 20th, 2010 No commentsTodd Troha of Kenosha spent a year trying to get an SBA loan for a new day care center. “His market study, his presentation, his track record as a business owner, none of it seemed to matter,” according to a story in the Kenosha News. Eventually, He he got a regular, non-SBA bank loan for $1.2 million, and poured $1.4 million of his own money into the project, and the center is up and about to open. Read more in the Kenosha News.
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Cornerstone Receives SBA Lender Honors
Posted on July 9th, 2010 No commentsFor the fifth consecutive year, Grafton-based Cornerstone Community Bank was named the Wisconsin Small Business Administration (SBA) Lender of the Year for banks between $101 million and $350 million in asset size. Read more in Germantown Now. -
Sam’s Club Pilots SBA Loan Program
Posted on July 7th, 2010 No commentsSam’s Club is testing an online program to loan $5,000 to $25,000 to minority-, women- and veteran-owned small businesses as well as micro-entrepreneurs. The warehouse retailer is working with Superior Financial Group, a Small Business Administration lender, on the project, the Business Journal of Milwaukee reported. -
SBA Lending Continues 15-Month Rise
Posted on June 8th, 2010 No commentsLoans backed by the U.S. Small Business Administration continued their 15-month ascent in southeast Wisconsin in May, but the pace could slow in June if Congress doesn’t extend the higher guarantees, The Business Journal of Milwaukee reported.
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M&I Earns SBA 504 Loan Honors
Posted on June 4th, 2010 No commentsFor the fifth consecutive year, M&I Bank was recognized by the Wisconsin Small Business Administration as the 504 Loan Program Lender of the Year, the Small Business Times of Milwaukee reported.
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SBA Warns of Possible Scams
Posted on March 30th, 2010 No commentsThe U.S. Small Business Administration is warning business owners to be aware of scams involving SBA programs. But the Wisconsin office hasn’t received any complaints of fraud yet, according to the Business Journal of Milwaukee.