Wisconsin Entrepreneur Secures Financing to Buy Huhot Mongolian Grill Franchise

Need a loan to buy a Huhot Mongolian Grill franchise? Community Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Huhot Mongolian Grill franchise? If so, here's a 2005 SBA franchise loan that you should know about. Community Bank & Trust was the lender and the entrepreneur was based in Appleton, Wisconsin.

SBA Loan Borrower

HUHOT MONGOLIAN GRILL
APPLETON, WI 54915

SBA Loan Lender

COMMUNITY BANK & TRUST
604 N EIGHTH ST
SHEBOYGAN, WI 53081

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/9/2005

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huhot Mongolian Grill franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 33 new jobs and retain 35 existing jobs.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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