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April 28, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sheboygan, Business Loans > Community Bank & Trust Sheboygan Business Loans > Aka Station Loan | ||||
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Where to Get a Business Loan to Purchase a Franchise
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Cedar Grove, WI Entrepreneur Gets SBA Loan to Buy Mobil Oil stations FranchiseNeed a loan to invest in a Mobil Oil stations franchise? Community Bank & Trust has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Cedar Grove, Wisconsin needed money to invest in a Mobil Oil stations franchise back in 2000. Community Bank & Trust issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower AKA STATION SBA Loan Lender COMMUNITY BANK & TRUST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations Loan Approval Date 7/24/2000 Loan Approval Gross Amount $466,500 Loan Approval from the SBA Of the total $466,500 loan amount, the SBA guaranteed $349,875. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Mobil Oil stations franchise. At the time of the loan, the company had 11 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $466,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Browse All Business Loan Sources for Wisconsin
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