OABA Loan Program
The Okauchee Area Business Association Loan Pool has been established
to help revitalization efforts, increase capital investments and provide support for new and existing businesses in the Okauchee area. The fund was established through a commitment from Bank Five Nine and the Okauchee Area Business Association. These organizations have partnered together to promote business growth in Okauchee.
Eligible Businesses Include:
- Businesses in Okauchee
- Commercial, retail or restaurant businesses
Eligible Expenses:
- Acquisition of land/building
- Building improvements/construction
- Equipment purchases
- Environmental or safety compliance
How Do I Apply?
- Contact Matt Schwechel at Bank Five Nine for business loan guidance at (262) 670-3021, or email matt.schwechel@bankfivenine.com
- Complete a business plan and submit a loan package.
- Your loan application will be confidentially reviewed by the Community Development Authority. Loan approval generally takes 30 days once your loan package is submitted.
Loan Structure:
The Okauchee Area Business Association Loan Pool is available when full private financing or credit is not available on terms and conditions which would permit project completion. Interest rates are fixed at 1%. Each loan is evaluated separately on collateral, risk and terms. Loans are generally not less than $10,000, or more than $25,000.
Okauchee Area Business Association Loan Program Provided By:
In Conjunction with:
Matt Schwechel
SVP, Director of Commerical Lending
Bank Five Nine
(262) 670-3021
matt.schwechel@bankfivenine.com
