SBA Loans

Understanding the Forgiveness Application         
Uploading your Supporting Documentation           
E-signing your Application

Paycheck Protection Program (PPP) 
On March 27, 2020, the United States Congress passed, and President Trump signed, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help support businesses and families through the on-going novel coronavirus (COVID-19) pandemic.

The CARES Act expanded the Small Business Administration Section 7(a) loan program, also referred to as the “Paycheck Protection Program”, which aims to support small businesses. We are encouraging all our small business borrowers who are impacted by COVID-19 to consider applying for a loan under this new program, which provides some critical benefits, including:
  •  Cash to cover select business expenses (such as employee salaries and payroll support, rent or mortgage and utilities payments, insurance premiums)
  •  6 months of deferred loan payments and
  • Loan forgiveness (a portion, or possibly all, of their loan may be forgiven)
To get application started please contact us at 715-386-9050.


Since Citizens State Bank is a Preferred SBA Lender, you can expect faster turn-around times with our ability to make decisions locally. Inquire here today!

Citizens State Bank helps hundreds of local businesses and individuals access loan programs that allow them to: 

  • Start a business
  • Acquire a business
  • Expand a business
  • Acquire inventory
  • Access working capital
  • Refinance
  • Renovate

SBA 7(a) Loans 

This is the most common type of loan program offered by the SBA. This loan provides you with:

  • Long-term financing
  • Improved cash flow
  • Fixed maturity
  • No balloons
  • No prepayment penalty (under 15 years)

A 7(a) Loan can be used to establish a new business or acquire, operate or expand an existing business. 

SBA 504 Loans

This long-term loan can be used for major fixed assets such as equipment or real estate. The benefits of an SBA 504 Loan are:

  • Low down payments - as little as 10%
  • Ability to obtain a 20-year fixed rate on a portion of the loan

SBA Express 

You can get an accelerated lending process with an SBA Express Loan. This loan offers you a:

  • Streamlined application process
  • Competitive rates within SBA guidelines

The SBA Express Loan is an excellent choice for your working capital needs. What makes this loan even better is the line of credit is easy to use. 

A Local Team Making Local Decisions 

Our lenders are invested in the communities we serve. They not only work here, they live here and they want to see good things happen. Understanding SBA loans and being a Preferred Lender allows us to do just that. Start letting the good things happen. Inquire today or contact one of our business bankers. If you prefer us to contact you, simply complete our contact us form.

Todd Van Wambeke - email

Hudson 715-377-7028

 Susan Lund - email

NMLS# 518478
Woodville 715-698-2411
Elmwood 715-639-5411
Menomorie 715-235-3164

 Steve Miller - email

NMLS# 452650
Hudson 715-377-7030
Roberts 715-749-3701

 Jon Fumich - email

Hudson 715-377-7009