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May 2, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Sheboygan, Business Loans > Community Bank & Trust Sheboygan Business Loans > Huhot Mongolian Grill Loan | ||||
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How to Get SBA Loans in Appleton, Wisconsin
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Loan to Buy Huhot Mongolian Grill Franchise Issued By Community Bank & TrustNeed 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. Getting money to buy a Huhot Mongolian Grill franchise shouldn't be too tough. In 2005, Community Bank & Trust issued an SBA franchise loan to an entrepreneur in Appleton, Wisconsin. Because Huhot Mongolian Grill was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis. SBA Loan Borrower HUHOT MONGOLIAN GRILL SBA Loan Lender COMMUNITY BANK & TRUST This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/10/2005 Loan Approval Gross Amount $230,500 Loan Approval from the SBA Of the total $230,500 loan amount, the SBA guaranteed $172,875. 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. The loan application indicated that the loan would help generate 33 new jobs and retain 35 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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