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

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

Erbert & Gerbert's Subs & Clubs franchise loans are available to Stevens Point, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Anchorbank, Fsb, based in Appleton, Wisconsin, issued an SBA franchise loan for an Erbert & Gerbert's Subs & Clubs franchise in 2005. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

ERBERT & GERBERTS
STEVENS POINT, WI 54481

SBA Loan Lender

ANCHORBANK, FSB
110 FOX RIVER DR
APPLETON, WI 54913

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/26/2005

Loan Approval Gross Amount

$522,000

Loan Approval from the SBA

Of the total $522,000 loan amount, the SBA guaranteed $391,500.

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 20 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Anchorbank, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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

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