Wisconsin Entrepreneur Secures Financing to Buy Ponderosa Steak House Franchise

Need a loan to invest in a Ponderosa Steak House franchise? Legacy Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Ponderosa Steak House franchise requires some effort but others before you have been successful. In 2001, Legacy Bank issued an SBA franchise loan to an entrepreneur in Milwaukee, Wisconsin. Because Ponderosa Steak House was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

PONDEROSA STEAKHOUSE
MILWAUKEE, WI 53212

SBA Loan Lender

LEGACY BANK
2102 W FOND DU LAC AVE
MILWAUKEE, WI 53206

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

6/4/2001

Loan Approval Gross Amount

$1,385,500

Loan Approval from the SBA

Of the total $1,385,500 loan amount, the SBA guaranteed $997,560.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Ponderosa Steak House franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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