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May 8, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Marinette, Business Loans > Stephenson National Bank & Tr Marinette Business Loans > Cousins Sub Shop Loan | ||||
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Stephenson National Bank & Tr Small Business Franchise Loan
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Borrow Money to Buy a Cousins Submarines restaurant FranchiseNeed a loan to purchase a Cousins Submarines restaurant franchise? Stephenson National Bank & Tr has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Green Bay, Wisconsin needed money to invest in a Cousins Submarines restaurant franchise back in 2007. Stephenson National Bank & Tr issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower COUSINS SUB SHOP SBA Loan Lender STEPHENSON NATIONAL BANK & TR The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/27/2007 Loan Approval Gross Amount $161,500 Loan Approval from the SBA Of the total $161,500 loan amount, the SBA guaranteed $121,125. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Cousins Submarines restaurant franchise. At the time of the loan, the company had 20 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Stephenson National Bank & Tr had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Stephenson National Bank & Tr made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Small Business Banks in Marinette, Wisconsin
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