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April 28, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Brookfield, Business Loans > M&i Marshall & Ilsley Bank Brookfield Business Loans > Cousins Subs Loan | ||||
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Lake Geneva, Wisconsin Bank Loan
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Lake Geneva, WI Entrepreneur Gets SBA Loan to Buy Cousins Submarines restaurant FranchiseNeed a loan to purchase a Cousins Submarines restaurant franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Lake Geneva, Wisconsin needed money to invest in a Cousins Submarines restaurant franchise back in 2002. M&i Marshall & Ilsley Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COUSINS SUBS SBA Loan Lender M&I MARSHALL & ILSLEY BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/21/2002 Loan Approval Gross Amount $112,620 Loan Approval from the SBA Of the total $112,620 loan amount, the SBA guaranteed $95,727. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Cousins Submarines restaurant franchise. At the time of the loan, the company had 11 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like M&i Marshall & Ilsley Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: SBA Banks in Brookfield, Wisconsin Where to Get an SBA Loan Wisconsin
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