Borrow Money to Buy a Culver's Frozen Custard Franchise

Borrowing money to purchase a Culver's Frozen Custard franchise? Wisconsin Community Bank has a history of making these loans and they are guaranteed by the SBA.

Culver's Frozen Custard franchise loans are available to Franklin Park, Illinois entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Wisconsin Community Bank, based in Sheboygan, Wisconsin, issued an SBA franchise loan for a Culver's Frozen Custard franchise in 2004. We've got all the details on this Illinois small business loan.

SBA Loan Borrower

CULVER'S OF FRANKLIN PARK
FRANKLIN PARK, IL 60131

SBA Loan Lender

WISCONSIN COMMUNITY BANK
4706 S TAYLOR DR
SHEBOYGAN, WI 53081

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/27/2004

Loan Approval Gross Amount

$525,000

Loan Approval from the SBA

Of the total $525,000 loan amount, the SBA guaranteed $393,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had 55 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Franklin Park IL, you ought to talk with a local Franklin Park SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Franklin Park 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.

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Small Business Banks in Sheboygan, Wisconsin

Wisconsin SBA 7A Banks