Wisconsin Entrepreneur Secures Financing to Buy Erbert & Gerbert's Subs & Clubs Franchise

Borrowing money to buy an Erbert & Gerbert's Subs & Clubs franchise? Anchorbank, Fsb has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy an Erbert & Gerbert's Subs & Clubs franchise shouldn't be overly burdensome. In 2005, Anchorbank, Fsb issued an SBA franchise loan to an entrepreneur in River Falls, Wisconsin. Because Erbert & Gerbert's Subs & Clubs was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

ERBERT & GERBERT'S CLUBS & SUB
RIVER FALLS, WI 54022

SBA Loan Lender

ANCHORBANK, FSB
25 W MAIN ST
MADISON, WI 53703

This lender provides SBA debt financing 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

722211 - Limited-Service Restaurants

Loan Approval Date

4/5/2005

Loan Approval Gross Amount

$257,000

Loan Approval from the SBA

Of the total $257,000 loan amount, the SBA guaranteed $192,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Erbert & Gerbert's Subs & Clubs franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the funding would help generate 10 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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $257,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Erbert & Gerbert's Subs & Clubs

Business Credit Evaluation

SBA Approved Banks in Madison, Wisconsin

Where to Get an SBA Loan Wisconsin