Real Estate Loans
- Amortization period up to 15 years
- 1-3 year balloon note
- Land, buildings and facilities
- Maximum loan amount 75% of collateral value
- Generally payments structured on a monthly basis
Personal Property Loans
- Amortization period up to 7 years
- 1 year balloon note
- Secured with machinery, equipment, inventory and receivables
- Maximum loan amount 75% of collateral value
- Generally payments structured on a monthly basis
Working Capital Loans
- Amortization period of 1 year
- Used for operating expenses
- Can be set up on a line of credit
- Generally payments structured on a monthly basis
Also available:
U.S. Small Business Administration Loans - SBA
- Loan Guarantees of up to $750,000.00 per business
- Loans funded by the bank with loan documentation completed by the bank
- SBA can guaranty loan from 75%-80% not to exceed $750,000.00
- Provides loan guarantees where lender unable to provide conventional financing
- Used for business startup, expansion, acquisitions and operational expenses
- Used to fund purchase of land, buildings, equipment, inventory, fixed assets, and working capital
WHEDA Small Business Guarantee
- Loan guarantees of up to $750,000.00 per business
- Loans funded by the bank with loan documentation completed by the bank
- WHEDA will guaranty loan up to 80% of maximum of $200,000.00
- Provides loan guarantees where lender unable to provide conventional financing
- Designed to assist in acquisition of expansion of existing small business
- Used to fund purchase of land, buildings, equipment, inventory and soft costs for expansion project
The Calumet County Bank is a member of the Wisconsin Bankers Association TEAM Network (Technical Economic Assistance Mechanism). TEAM was developed to help member banks in the state respond effectively to business applicants. The goal of the TEAM Network is to identify government financing resources which can be utilized in combination with traditional bank financing. An initial analysis will determine what the business development needs are and if a referral for technical assistance is needed. Entrepreneurs are then linked with lenders who are prequalified to have interest in financing in a particular market.
Documentation Needed to Process A Loan Application
- Last 3 years complete Income Tax Returns - Business and Personal
- Current Financial Statement with 3 years history - Business and Personal
- Background information on business operation and owners
- Business plan
- Cash flow statement
NOTE: Calumet County Bank may consider loan applications only for residents of the following Wisconsin counties: Outagamie, Calumet, Manitowoc and Brown.
If you are interested in a Commercial Loan, please call 920-756-2181 or 1-800-236-2262 .
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