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April 26, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Monona, Business Loans > Monona State Bank Monona Business Loans > Milio's Sandwiches Loan | ||||
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Raising Money in Stoughton, Wisconsin With SBA Loans
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Wisconsin Entrepreneur Secures Financing to Buy Milio's Sandwiches FranchiseNeed a loan to invest in a Milio's Sandwiches franchise? Monona State Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Milio's Sandwiches franchise shouldn't be overly burdensome. In 2006, Monona State Bank issued an SBA franchise loan to an entrepreneur in Stoughton, Wisconsin. Because Milio's Sandwiches was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis. SBA Loan Borrower MILIO'S SANDWICHES SBA Loan Lender MONONA STATE BANK This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 722211 - Limited-Service Restaurants Loan Approval Date 8/9/2006 Loan Approval Gross Amount $215,000 Loan Approval from the SBA Of the total $215,000 loan amount, the SBA guaranteed $107,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Milio's Sandwiches franchise. At the time of the loan, the company had 12 employees. The loan application indicated that the loan would help generate 12 new jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Best Banks in Monona, Wisconsin
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