Plymouth, WI Entrepreneur Gets SBA Loan to Buy Culver's Frozen Custard Franchise

Need money to buy a Culver's Frozen Custard franchise? Community Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Culver's Frozen Custard franchise? If so, here's a 2006 SBA franchise loan that you should know about. Community Bank & Trust was the lender and the entrepreneur was based in Plymouth, Wisconsin.

SBA Loan Borrower

CULVER'S
PLYMOUTH, WI 53073

SBA Loan Lender

COMMUNITY BANK & TRUST
604 N EIGHTH ST
SHEBOYGAN, WI 53081

This lender provides SBA guaranteed bank 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

722110 - Full-Service Restaurants

Loan Approval Date

10/20/2006

Loan Approval Gross Amount

$715,000

Loan Approval from the SBA

Of the total $715,000 loan amount, the SBA guaranteed $536,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Culver's Frozen Custard franchise. At the time of the loan, the company had 40 employees. The SBA loan documents indicated that the loan would help retain 40 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Plymouth or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Culver's

Small Business Credit Cards

Who Lends Money to Small Businesses in Sheboygan, Wisconsin

Where to Get an SBA Loan Wisconsin