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November 21, 2024  
 
 
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Where to Get an SBA Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Wisconsin Entrepreneur Secures Financing to Buy Sign-A-Rama Franchise

Need a loan to invest in a Sign-A-Rama franchise? First Citizens State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Sign-A-Rama franchise? If so, here's a 2000 SBA franchise loan that you should know about. First Citizens State Bank was the lender and the entrepreneur was based in Whitewater, Wisconsin.

SBA Loan Borrower

SIGN A RAMA
WHITEWATER, WI 53190

SBA Loan Lender

FIRST CITIZENS STATE BANK
207 W MAIN ST
WHITEWATER, WI 53190

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3993 - Signs and Advertising Specialties

Loan Approval Date

6/5/2000

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $86,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sign-A-Rama franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 First Citizens State Bank 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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