Oak Creek, WI Entrepreneur Gets SBA Loan to Buy Fantastic Sam's Franchise

Need a loan to purchase a Fantastic Sam's franchise? Cornerstone Community Bank has a history of making these loans and they are guaranteed by the SBA.

Fantastic Sam's franchise loans are available to Oak Creek, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Cornerstone Community Bank, based in Grafton, Wisconsin, issued an SBA franchise loan for a Fantastic Sam's franchise in 2004. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

PEGASUS INVESTMENTS LLC
OAK CREEK, WI 53154

SBA Loan Lender

CORNERSTONE COMMUNITY BANK
2090 WISCONSIN AVE
GRAFTON, WI 53024

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

7/13/2004

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fantastic Sam's franchise. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help create 6 new jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cornerstone Community Bank and they will explain how you can get an SBA loan for your company.

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:

Fantastic Sams

Angel Investors

SBA 7A Lenders in Grafton, Wisconsin

SBA Participating Banks in Wisconsin