Loan to Buy Hobbytown Usa Franchise Issued By Ozaukee Bank

Need a loan to buy a Hobbytown Usa franchise? Ozaukee Bank has a history of making these loans and they are guaranteed by the SBA.

Hobbytown Usa franchise loans are available to Grafton, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ozaukee Bank, based in Cedarburg, Wisconsin, issued an SBA franchise loan for a Hobbytown Usa franchise in 2004. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

HOBBY TOWN USA (WATERMAN HOBBI
GRAFTON, WI 53024

SBA Loan Lender

OZAUKEE BANK
N69 W5269 COLUMBIA RD
CEDARBURG, WI 53012

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

6/30/2004

Loan Approval Gross Amount

$131,700

Loan Approval from the SBA

Of the total $131,700 loan amount, the SBA guaranteed $111,945.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hobbytown Usa franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Ozaukee Bank and they will explain how you can get an SBA loan for your company.

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:

HobbyTown USA

Strategic Investors

SBA 7A Banks for Cedarburg, Wisconsin Loans

Find an SBA Lender in Wisconsin