Borrow Money to Buy a Huhot Mongolian Grill Franchise

Borrowing money to buy a Huhot Mongolian Grill franchise? Community Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Huhot Mongolian Grill franchise loans are available to Green Bay, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community Bank & Trust, based in Sheboygan, Wisconsin, issued an SBA franchise loan for a Huhot Mongolian Grill franchise in 2007. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

HUHOT MONGOLIAN GRILL
GREEN BAY, WI 54304

SBA Loan Lender

COMMUNITY BANK & TRUST
604 N EIGHTH ST
SHEBOYGAN, WI 53081

This lender issued this small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

722211 - Limited-Service Restaurants

Loan Approval Date

5/16/2007

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Huhot Mongolian Grill franchise. At the time of the loan, the company had 34 employees. The SBA loan documents indicated that the loan would help generate 32 new jobs and retain 2 existing jobs.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Community Bank & Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

HuHot Mongolian Grill

Find Start-Up Capital

Find an SBA Lender in Sheboygan, Wisconsin

Find an SBA Lender in Wisconsin