Wisconsin Entrepreneur Secures Financing to Buy Schlotzsky's Sandwich Shop Franchise

Need a loan to invest in a Schlotzsky's Sandwich Shop franchise? Investors Community Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Schlotzsky's Sandwich Shop franchise requires some effort but others before you have been successful. In 2003, Investors Community Bank issued an SBA franchise loan to an entrepreneur in Bryant, Wisconsin. Because Schlotzsky's Sandwich Shop was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

SCHLOTZSKY'S DELI
BRYANT, WI 54418

SBA Loan Lender

INVESTORS COMMUNITY BANK
860 N RAPIDS RD
MANITOWOC, WI 54220

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

1/2/2003

Loan Approval Gross Amount

$554,900

Loan Approval from the SBA

Of the total $554,900 loan amount, the SBA guaranteed $383,724.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Schlotzsky's Sandwich Shop franchise. At the time of the loan, the company had 39 employees. The SBA loan documents indicated that the loan would help generate 31 new jobs and retain 39 existing jobs.

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 business money, the SBA has special programs for you. We've put a spotlight on this loan from Investors 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:

Schlotzsky's Deli

Business Cash Advances

SBA 7A Banks for Manitowoc, Wisconsin Loans

Wisconsin SBA 7A Lenders