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December 21, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Mukwonago, Business Loans > Citizens Bank Of Mukwonago Mukwonago Business Loans > Dollar Discount Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Wisconsin Entrepreneur Secures Financing to Buy Dollar Discount Stores FranchiseBorrowing money to purchase a Dollar Discount Stores franchise? Citizens Bank Of Mukwonago has a history of making these loans and they are guaranteed by the SBA. Dollar Discount Stores franchise loans are available to Waukesha, Wisconsin entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Citizens Bank Of Mukwonago, based in Mukwonago, Wisconsin, issued an SBA franchise loan for a Dollar Discount Stores franchise in 2001. We've got all the details on this Wisconsin small business loan. SBA Loan Borrower DOLLAR DISCOUNT SBA Loan Lender CITIZENS BANK OF MUKWONAGO 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 5399 - General Merchandise Stores NAICS Code 452990 - General Merchandise Stores Loan Approval Date 12/13/2001 Loan Approval Gross Amount $110,000 Loan Approval from the SBA Of the total $110,000 loan amount, the SBA guaranteed $93,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $110,000 loan. Remember, if it to be, it is up to me! 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: Obtaining Funding - Friends and Family Small Business Banks in Mukwonago, Wisconsin SBA Participating Banks in Wisconsin
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