Baylake Bank Recognized as Wisconsin’s Leading SBA Lender

Baylake Bank Recognized as Wisconsin’s Leading SBA Lender
January 17, 2000 Sturgeon Bay, WI-	Baylake Bank, a $630 million asset financial institution with 23 financial centers throughout Brown, Door, Green Lake, Kewaunee, Manitowoc, Outagamie, Waupaca and Waushara Counties, was recently recognized for the fourth consecutive year by the Small Business Administration. During 1999, Baylake Bank was Wisconsin’s leading lender in the total dollar amount of SBA loans made to businesses, compared to other financial institutions within our asset range. Small Business Administration lending programs can offer new business owners with lower down payment options and they typically do not emphasize the dependence on collateral, typically required with other types of business loans, according to Baylake Bank Business Banker, Jamie Alberts. Baylake Bank has been a leading SBA lender for over four years and was recently designated a Preferred Lender. This designation is given to only a minority of banks who have established a record for quality lending practices with the SBA and allows Baylake Bank business bankers to make on-site decisions regarding some types of SBA loans. This translates into quicker turnaround of the loan for the prospective customer. Baylake Bank is an equal opportunity lender. For more information contact: Jamie Alberts (920) 743-5551