Wisconsin Entrepreneur Secures Financing to Buy Culver's Frozen Custard Franchise

Need a loan to invest in a Culver's Frozen Custard franchise? Community Bank Group has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Reedsburg, Wisconsin needed money to invest in a Culver's Frozen Custard franchise back in 2001. Community Bank Group issued an SBA franchise loan. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

CULVER'S
REEDSBURG, WI 53959

SBA Loan Lender

COMMUNITY BANK GROUP
201 MAIN ST
REEDSBURG, WI 53959

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to our country's hard-working small business owners.

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

11/6/2001

Loan Approval Gross Amount

$825,000

Loan Approval from the SBA

Of the total $825,000 loan amount, the SBA guaranteed $618,750.

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 45 employees. The SBA loan documents did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

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 Community Bank Group 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:

Culver's

Role of Business Plan When Raising Money

SBA Approved Banks in Reedsburg, Wisconsin

Wisconsin SBA 7A Banks