Loan Census Banking News and Information
April 24, 2024  
 
 
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Advice for Getting a Franchise Loan

 

 
Loan Census SBA Loan Info

Wisconsin Entrepreneur Secures Financing to Buy Five & Diner Franchise Franchise

Borrowing money to invest in a Five & Diner Franchise franchise? U.S. Bank National Association has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Five & Diner Franchise franchise may simply require a phone call to a local SBA banker. In 2005, U.S. Bank National Association issued an SBA franchise loan to an entrepreneur in Sun Prairie, Wisconsin. Because Five & Diner Franchise was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

MCLAUGHLIN FAMILY INC
SUN PRAIRIE, WI 53590

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/27/2005

Loan Approval Gross Amount

$261,500

Loan Approval from the SBA

Of the total $261,500 loan amount, the SBA guaranteed $196,125.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Five & Diner Franchise franchise. At the time of the loan, the company had 45 employees. The SBA loan documents indicated that the loan would help generate 45 new jobs.

Getting an SBA Loan For Your Business

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

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from U.S. Bank National Association so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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