Milwaukee, WI Entrepreneur Gets SBA Loan to Buy Subway Sandwich Shop Franchise
Need money to invest in a Subway Sandwich Shop franchise? Community Bank Group 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 Subway Sandwich Shop franchise back in 2002. Community Bank Group issued an SBA franchise loan. Here are the details on this Wisconsin small business loan.
SBA Loan Borrower
SUBWAY
MILWAUKEE, WI 53214
SBA Loan Lender
COMMUNITY BANK GROUP
1000 N WATER ST, STE 100
MILWAUKEE, WI 53202
This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
5/21/2002
Loan Approval Gross Amount
$124,000
Loan Approval from the SBA
Of the total $124,000 loan amount, the SBA guaranteed $105,400.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Subway Sandwich Shop franchise. At the time of the loan, the company
had 12 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Subway
Role of Business Plan When Raising Money
Banks in Milwaukee, Wisconsin
SBA Wisconsin Banks