Syringa Bank Provides SBA Loan to Buy Wireless Toyz Franchise

Need a loan to purchase a Wireless Toyz franchise? Syringa Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Boise, Idaho and are interested in buying a Wireless Toyz franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2006 by Syringa Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

WIRELESS TOYZ, STORE 254
BOISE, ID 83702

SBA Loan Lender

SYRINGA BANK
999 MAIN ST, STE 100
BOISE, ID 83702

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5731 - Radio, TV, and Consumer Electronics Retailing

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

1/17/2006

Loan Approval Gross Amount

$238,000

Loan Approval from the SBA

Of the total $238,000 loan amount, the SBA guaranteed $178,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wireless Toyz franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your 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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Syringa Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Wireless Toyz

Startup Funding Tip

Where to Get an SBA Loan in Boise, Idaho

Getting an SBA Loan in Idaho