Borrow Money to Buy a Big O Tires dealers Franchise

Borrowing money to invest in a Big O Tires dealers franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Big O Tires dealers franchise shouldn't be overly burdensome. In 2006, M&i Marshall & Ilsley Bank issued an SBA franchise loan to an entrepreneur in Chandler, Arizona. Because Big O Tires dealers was registered with the SBA's registry of franchises, this Arizona small business loan was issued on an expedited basis.

SBA Loan Borrower

CHANDLER WEST BIG O TIRE
CHANDLER, AZ 85226

SBA Loan Lender

M&I MARSHALL & ILSLEY BANK
770 N WATER ST
MILWAUKEE, WI 53202

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423130 - Tire and Tube Merchant Wholesalers

Loan Approval Date

12/26/2006

Loan Approval Gross Amount

$186,100

Loan Approval from the SBA

Of the total $186,100 loan amount, the SBA guaranteed $139,575.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Big O Tires dealers franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Chandler or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Big O Tires, Inc.

Find Start-Up Capital

SBA Banks in Milwaukee, Wisconsin

Find an SBA Lender in Wisconsin