Loan to Buy Sears Catalog Store Franchise Issued By River Cities Bank

Need a loan to invest in a Sears Catalog Store franchise? River Cities Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Wisconsin Rapids, Wisconsin and are interested in buying a Sears Catalog Store franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2007 by River Cities Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SEARS ROEBUCK AND COMPANY
WISCONSIN RAPIDS, WI 54494

SBA Loan Lender

RIVER CITIES BANK
1601 LINCOLN ST
WISCONSIN RAPIDS, WI 54494

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

443111 - Household Appliance Stores

Loan Approval Date

4/10/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sears Catalog Store franchise. At the time of the loan, the company had 11 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 16 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Wisconsin Rapids WI, you ought to talk with a local Wisconsin Rapids SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wisconsin Rapids businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like River Cities Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Cash Advances

Small Business Banks in Wisconsin Rapids, Wisconsin

Wisconsin SBA 7A Banks