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November 14, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Cedarburg, Business Loans > Ozaukee Bank Cedarburg Business Loans > Melting Pot Restaurant Loan | ||||
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Business Loans for Brookfield Businesses
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Brookfield, WI Entrepreneur Gets SBA Loan to Buy Melting Pot FranchiseBorrowing money to buy a Melting Pot franchise? Ozaukee Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Brookfield, Wisconsin needed money to invest in a Melting Pot franchise back in 2003. Ozaukee Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan. SBA Loan Borrower MELTING POT RESTAURANT SBA Loan Lender OZAUKEE BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/12/2003 Loan Approval Gross Amount $315,883 Loan Approval from the SBA Of the total $315,883 loan amount, the SBA guaranteed $236,912. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Melting Pot franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Melting Pot Fondue Restaurants Who Lends Money to Small Businesses in Cedarburg, Wisconsin SBA Participating Banks in Wisconsin
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