Loan to Buy Vr Business Brokers Franchise Issued By Anchorbank, Fsb

Borrowing money to purchase a Vr Business Brokers franchise? Anchorbank, Fsb has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Vr Business Brokers franchise? If so, here's a 2003 SBA franchise loan that you should know about. Anchorbank, Fsb was the lender and the entrepreneur was based in Eau Claire, Wisconsin.

SBA Loan Borrower

VR BUSINESS BROKERS
EAU CLAIRE, WI 54703

SBA Loan Lender

ANCHORBANK, FSB
25 W MAIN ST
MADISON, WI 53703

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.

SIC Code

6221 - Commodity Contracts Brokers and Dealers

NAICS Code

523140 - Commodity Contracts Brokerage

Loan Approval Date

5/15/2003

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Vr Business Brokers franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Anchorbank, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

VR Business Brokers

Attracting Investors

Best Banks for Small Business in Madison, Wisconsin

Getting an SBA Loan in Wisconsin