Wisconsin Entrepreneur Secures Financing to Buy Lemstone Books Franchise

Borrowing money to purchase a Lemstone Books franchise? Waukesha State Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Lemstone Books franchise may simply require a phone call to a local SBA banker. In 2004, Waukesha State Bank issued an SBA franchise loan to an entrepreneur in Waukesha, Wisconsin. Because Lemstone Books was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

SCARLET THREAD LLC
WAUKESHA, WI 53189

SBA Loan Lender

WAUKESHA STATE BANK
100 BANK ST
WAUKESHA, WI 53188

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451211 - Book Stores

Loan Approval Date

7/16/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Lemstone Books franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the funding would help generate 3 new jobs.

Next Steps for Getting an SBA Loan

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Lemstone Christian Stores

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Waukesha, Wisconsin

SBA Participating Banks in Wisconsin