Ozaukee Bank Provides SBA Loan to Buy Budget Blinds Franchise

Need a loan to purchase a Budget Blinds franchise? Ozaukee Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Budget Blinds franchise is doable. In 2005, Ozaukee Bank issued an SBA franchise loan to an entrepreneur in Cedarburg, Wisconsin. Because Budget Blinds was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

BUDGET BLINDS
CEDARBURG, WI 53012

SBA Loan Lender

OZAUKEE BANK
N69 W5269 COLUMBIA RD
CEDARBURG, WI 53012

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

533110 - Lessors of Nonfinancial Intangible Assets

Loan Approval Date

8/11/2005

Loan Approval Gross Amount

$109,850

Loan Approval from the SBA

Of the total $109,850 loan amount, the SBA guaranteed $93,372.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Budget Blinds franchise. At the time of the loan, the company had 32 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Ozaukee Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Budget Blinds

Obtaining Funding - How to Decide How Much to Raise

SBA Banks in Cedarburg, Wisconsin

Wisconsin SBA Banks