Loan to Buy Tires Plus Franchise Issued By Community Bank - Cent. Wisconsin

Need money to purchase a Tires Plus franchise? Community Bank - Cent. Wisconsin has a history of making these loans and they are guaranteed by the SBA.

If you live near Marshfield, Wisconsin and are interested in buying a Tires Plus franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Community Bank - Cent. Wisconsin. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

TIRES PLUS OF MARSHFIELD AND S
MARSHFIELD, WI 54449

SBA Loan Lender

COMMUNITY BANK - CENT. WISCONSIN
103 W MCMILLAN ST, STE 1
MARSHFIELD, WI 54449

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5014 - Tires and Tubes

NAICS Code

441320 - Tire Dealers

Loan Approval Date

9/24/2002

Loan Approval Gross Amount

$256,000

Loan Approval from the SBA

Of the total $256,000 loan amount, the SBA guaranteed $192,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Tires Plus franchise. At the time of the loan, the company had 13 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Marshfield WI, you ought to talk with a local Marshfield SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Marshfield businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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Tires Plus Franchising Corporation

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Best Marshfield, Wisconsin Banks for Small Business

SBA Lenders in Wisconsin