Community Bank & Trust Provides SBA Loan to Buy Cousins Submarines restaurant Franchise

Need a loan to buy a Cousins Submarines restaurant franchise? Community Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Cousins Submarines restaurant franchise loans are available to Hales Corners, 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 Cousins Submarines restaurant franchise in 2005. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

BROTHERS SUBS INC
HALES CORNERS, WI 53130

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

4/7/2005

Loan Approval Gross Amount

$333,000

Loan Approval from the SBA

Of the total $333,000 loan amount, the SBA guaranteed $249,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cousins Submarines restaurant franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 50 new jobs and retain 52 existing jobs.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Hales Corners WI, you ought to talk with a local Hales Corners SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hales Corners businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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