Schofield, WI Entrepreneur Gets SBA Loan to Buy Straight Shot Express Franchise

Need a loan to buy a Straight Shot Express franchise? Community First Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Schofield, Wisconsin needed money to invest in a Straight Shot Express franchise back in 2001. Community First Bank issued an SBA franchise loan. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

STRAIGHT SHOT EXPRESS
SCHOFIELD, WI 54476

SBA Loan Lender

COMMUNITY FIRST BANK
5525 HWY 10 EAST
STEVENS POINT, WI 54481

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

561431 - Private Mail Centers

Loan Approval Date

7/26/2001

Loan Approval Gross Amount

$43,000

Loan Approval from the SBA

Of the total $43,000 loan amount, the SBA guaranteed $36,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Straight Shot Express franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community First Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community First Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Straight Shot Express

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SBA Participating Banks in Stevens Point, Wisconsin

SBA Participating Banks in Wisconsin