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November 23, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > Milwaukee, Business Loans > M&i Marshall & Ilsley Bank Milwaukee Business Loans > Hot N Now Loan | ||||
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I Need a Loan to Buy a Franchise in Wisconsin Rapids, Wisconsin
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M&i Marshall & Ilsley Bank Provides SBA Loan to Buy Hot'N Now FranchiseNeed money to buy a Hot'N Now franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Hot'N Now franchise? If so, here's a 2001 SBA franchise loan that you should know about. M&i Marshall & Ilsley Bank was the lender and the entrepreneur was based in Wisconsin Rapids, Wisconsin. SBA Loan Borrower HOT N NOW SBA Loan Lender M&I MARSHALL & ILSLEY BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 3/9/2001 Loan Approval Gross Amount $327,000 Loan Approval from the SBA Of the total $327,000 loan amount, the SBA guaranteed $245,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hot'N Now franchise. At the time of the loan, the company had 26 employees. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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 $327,000 loan. Remember, things become real when you believe you can achieve them! 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: Who Lends Money to Small Businesses in Milwaukee, Wisconsin
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