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May 3, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Oconomowoc, Business Loans > First Bank Financial Centre Oconomowoc Business Loans > Nick-N-Willy's Loan | ||||
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How to Get SBA Loans in Oconomowoc, Wisconsin
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Oconomowoc, WI Entrepreneur Gets SBA Loan to Buy Nick-N-Willy's Pizza FranchiseNeed money to buy a Nick-N-Willy's Pizza franchise? First Bank Financial Centre has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Nick-N-Willy's Pizza franchise? If so, here's a 2005 SBA franchise loan that you should know about. First Bank Financial Centre was the lender and the entrepreneur was based in Oconomowoc, Wisconsin. SBA Loan Borrower NICK-N-WILLY'S SBA Loan Lender FIRST BANK FINANCIAL CENTRE Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 7/5/2005 Loan Approval Gross Amount $130,000 Loan Approval from the SBA Of the total $130,000 loan amount, the SBA guaranteed $97,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Nick-N-Willy's Pizza franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $130,000. How would you spend $130,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Nick-N-Willy's World Famous Take-N-Bake Pizza Borrowing Money from Friends and Family Banks in Oconomowoc, Wisconsin Getting an SBA Loan in Wisconsin
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