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December 22, 2024  
 
 
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Marshfield, WI Entrepreneur Gets SBA Loan to Buy Straight Shot Express Franchise

Borrowing money to purchase a Straight Shot Express franchise? Community First Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Marshfield, Wisconsin needed money to invest in a Straight Shot Express franchise back in 2000. Community First Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

STRAIGHT SHOT EXPRESS
MARSHFIELD, WI 54449

SBA Loan Lender

COMMUNITY FIRST BANK
5525 HWY 10 EAST
STEVENS POINT, WI 54481

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4215 - Courier Services

Loan Approval Date

2/15/2000

Loan Approval Gross Amount

$80,500

Loan Approval from the SBA

Of the total $80,500 loan amount, the SBA guaranteed $64,400.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Straight Shot Express franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This company got an SBA loan. You can too! Maybe you need seed money for a small business? 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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