Dania, FL Entrepreneur Gets SBA Loan to Buy Wireless Franchise

Borrowing money to buy a Wireless franchise? Comerica Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Dania, Florida needed money to invest in a Wireless franchise back in 2005. Comerica Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

WIRELESS TOYZ #251
DANIA, FL 33004

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

11/30/2005

Loan Approval Gross Amount

$242,200

Loan Approval from the SBA

Of the total $242,200 loan amount, the SBA guaranteed $181,650.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wireless franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $242,200 loan. Remember, where there is a will, there is a way!

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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