M&i Marshall & Ilsley Bank Provides SBA Loan to Buy Silver Mine Subs Franchise

Borrowing money to invest in a Silver Mine Subs franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Silver Mine Subs franchise shouldn't be overly burdensome. In 2005, M&i Marshall & Ilsley Bank issued an SBA franchise loan to an entrepreneur in Madison, Wisconsin. Because Silver Mine Subs was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

WHITEHOUSE BROTHERS INC.
MADISON, WI 53703

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

2/22/2005

Loan Approval Gross Amount

$267,500

Loan Approval from the SBA

Of the total $267,500 loan amount, the SBA guaranteed $200,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Silver Mine Subs franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 3 new jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We can help you find the best banks for small businesses in Madison or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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