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April 23, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Grafton, Business Loans > Cornerstone Community Bank Grafton Business Loans > Naturalawn Of America Loan | ||||
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Waukesha, Wisconsin Bank Loan
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Wisconsin Entrepreneur Secures Financing to Buy Naturalawn FranchiseBorrowing money to invest in a Naturalawn franchise? Cornerstone Community Bank has a history of making these loans and they are guaranteed by the SBA. Naturalawn franchise loans are available to Waukesha, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cornerstone Community Bank, based in Grafton, Wisconsin, issued an SBA franchise loan for a Naturalawn franchise in 2003. We've got all the details on this Wisconsin small business loan. SBA Loan Borrower NATURALAWN OF AMERICA SBA Loan Lender CORNERSTONE COMMUNITY BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 3/24/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Naturalawn franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Cornerstone Community Bank 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. Related Links: Role of Business Plan When Raising Money Best Grafton, Wisconsin Banks for Small Business
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