Wisconsin Entrepreneur Secures Financing to Buy Re/max Realty Franchise

Need a loan to purchase a Re/max Realty franchise? 1st National Bank - Berlin has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Re/max Realty franchise? If so, here's a 2004 SBA franchise loan that you should know about. 1st National Bank - Berlin was the lender and the entrepreneur was based in Coloma, Wisconsin.

SBA Loan Borrower

EARTH ONE AGENCY, LLC
COLOMA, WI 54930

SBA Loan Lender

1ST NATIONAL BANK - BERLIN
140 W HURON ST
BERLIN, WI 54923

This lender issued this particular commercial 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.

NAICS Code

531210 - Real Estate Agents and Brokers

Loan Approval Date

3/4/2004

Loan Approval Gross Amount

$47,500

Loan Approval from the SBA

Of the total $47,500 loan amount, the SBA guaranteed $40,375.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Re/max Realty franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

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:

RE/MAX International

Business Line of Credit

Best Berlin, Wisconsin Banks for Small Business

Wisconsin SBA 7A Lenders