Milwaukee, WI Entrepreneur Gets SBA Loan to Buy Cousins Submarines restaurant Franchise

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

An entrepreneur in Milwaukee, Wisconsin needed money to invest in a Cousins Submarines restaurant franchise back in 2005. Community Bank & Trust issued an SBA franchise loan. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

M & M SUB VENTURES LLC
MILWAUKEE, WI 53214

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

2/24/2005

Loan Approval Gross Amount

$280,000

Loan Approval from the SBA

Of the total $280,000 loan amount, the SBA guaranteed $210,000.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 17 new jobs and retain 20 existing jobs.

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.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Cousins Subs

Obtaining Funding - How to Borrow Money

SBA Banks in Sheboygan, Wisconsin

SBA Wisconsin Lenders