Loan Census Banking News and Information
May 17, 2024  
 
 
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Greenfield, Wisconsin Bank Loan

 

 
Loan Census SBA Loan Info

Loan to Buy Curves For Women Franchise Issued By First Business Bank-Milwaukee

Borrowing money to purchase a Curves For Women franchise? First Business Bank-Milwaukee has a history of making these loans and they are guaranteed by the SBA.

If you live near Greenfield, Wisconsin and are interested in buying a Curves For Women franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2001 by First Business Bank-Milwaukee. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PERFORMANCE LEARNING SYSTEMS
GREENFIELD, WI 53221

SBA Loan Lender

FIRST BUSINESS BANK-MILWAUKEE
18500 W CORPORATE DR
BROOKFIELD, WI 53045

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7991 - Physical Fitness Facilities

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

12/19/2001

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Curves For Women franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

While you may be able to find business people willing to loan money, 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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