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April 27, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Madison, Business Loans > Anchorbank, Fsb Madison Business Loans > Pmr Management Inc Loan | ||||
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Raising Money in Madison, Wisconsin With SBA Loans
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Anchorbank, Fsb Provides SBA Loan to Buy Pedro's Mexican Restaurante FranchiseNeed a loan to invest in a Pedro's Mexican Restaurante franchise? Anchorbank, Fsb has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Pedro's Mexican Restaurante franchise? If so, here's a 2007 SBA franchise loan that you should know about. Anchorbank, Fsb was the lender and the entrepreneur was based in Madison, Wisconsin. SBA Loan Borrower PMR MANAGEMENT INC SBA Loan Lender ANCHORBANK, FSB This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 722110 - Full-Service Restaurants Loan Approval Date 5/21/2007 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Pedro's Mexican Restaurante franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the loan would help retain 25 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks in Madison, Wisconsin
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