Menomonee Falls, WI Entrepreneur Gets SBA Loan to Buy Dollar Discount Stores Franchise

Borrowing money to buy a Dollar Discount Stores franchise? Citizens Bank Of Mukwonago has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dollar Discount Stores franchise shouldn't be overly burdensome. In 2002, Citizens Bank Of Mukwonago issued an SBA franchise loan to an entrepreneur in Menomonee Falls, Wisconsin. Because Dollar Discount Stores was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

DOLLAR DISCOUNT
MENOMONEE FALLS, WI 53051

SBA Loan Lender

CITIZENS BANK OF MUKWONAGO
301 N ROCHESTER ST
MUKWONAGO, WI 53149

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5399 - General Merchandise Stores

NAICS Code

452910 - Warehouse Clubs and Superstores

Loan Approval Date

7/15/2002

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

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

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Citizens Bank Of Mukwonago and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Dollar Discount

Bank Credit Lines

Small Business Banks in Mukwonago, Wisconsin

Wisconsin SBA 7A Banks