Borrow Money to Buy a Fantastic Sam's Franchise

Need a loan to purchase a Fantastic Sam's franchise? First National Community Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Fantastic Sam's franchise requires some effort but others before you have been successful. In 2000, First National Community Bank issued an SBA franchise loan to an entrepreneur in Chippewa Falls, Wisconsin. Because Fantastic Sam's was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

FANTASTIC SAM'S
CHIPPEWA FALLS, WI 54729

SBA Loan Lender

FIRST NATIONAL COMMUNITY BANK
109 E 2ND ST
NEW RICHMOND, WI 54017

This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/22/2000

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $80,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 30 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Chippewa Falls WI, you ought to talk with a local Chippewa Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chippewa Falls businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Fantastic Sams

The Friends and Family Network

Small Business Banks in New Richmond, Wisconsin

SBA Lenders in Wisconsin