Loan to Buy Erbert & Gerbert's Subs & Clubs Franchise Issued By Anchorbank, Fsb

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

An entrepreneur in Stevens Point, Wisconsin needed money to invest in an Erbert & Gerbert's Subs & Clubs franchise back in 2002. Anchorbank, Fsb issued an SBA franchise loan. Here are the details on this Wisconsin small business loan.

SBA Loan Borrower

ERBERT & GERBERTS'S SUBS & CLU
STEVENS POINT, WI 54481

SBA Loan Lender

ANCHORBANK, FSB
3406 OAKWOOD HILLS PKWY, STE
EAU CLAIRE, WI 54701

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

9/13/2002

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

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 40 employees. The loan application indicated that the loan would help generate 20 new jobs and retain 40 existing jobs.

Great, But How Can I Get an SBA Loan for My 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 Anchorbank, Fsb 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.

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