Loan to Buy Dunn Bros Coffee Franchise Issued By Wisconsin Community Bank
Borrowing money to purchase a Dunn Bros Coffee franchise? Wisconsin Community Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Appleton, Wisconsin needed money to invest in a Dunn Bros Coffee franchise back in 2004. Wisconsin Community Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan.
SBA Loan Borrower
DUNN BROS COFFEE
APPLETON, WI 54915
SBA Loan Lender
WISCONSIN COMMUNITY BANK
8240 MINERAL POINT RD
MADISON, WI 53719
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
5/13/2004
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $225,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Dunn Bros Coffee franchise. At the time of the loan, the company
had 30 employees. The SBA loan documents indicated that the borrowed money would help generate 30 new jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Wisconsin 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:
Dunn Brothers Coffee Shops
How Equity Dilution Works
Where to Get an SBA Loan in Madison, Wisconsin
Where to Get an SBA Loan Wisconsin