Tomahawk, WI Entrepreneur Gets SBA Loan to Buy Radio Shack Franchise

Need a loan to invest in a Radio Shack franchise? Tomahawk Commun Bank S.S.B. has a history of making these loans and they are guaranteed by the SBA.

Radio Shack franchise loans are available to Tomahawk, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Tomahawk Commun Bank S.S.B., based in Tomahawk, Wisconsin, issued an SBA franchise loan for a Radio Shack franchise in 2005. We've got all the details on this Wisconsin small business loan.

SBA Loan Borrower

RADIO SHACK
TOMAHAWK, WI 54487

SBA Loan Lender

TOMAHAWK COMMUN BANK S.S.B.
15 E WISCONSIN AVE
TOMAHAWK, WI 54487

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

10/11/2005

Loan Approval Gross Amount

$227,600

Loan Approval from the SBA

Of the total $227,600 loan amount, the SBA guaranteed $113,800.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had only one employee. The SBA loan documents indicated that the loan would help create 1 new job.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

RadioShack

Getting a Small Business Loan

Good Banks for Small Business in Tomahawk, Wisconsin

Where to Get an SBA Loan Wisconsin