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December 19, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Lansing, Business Loans > Citizens Bank Lansing Business Loans > Wireless Toyz Loan | ||||
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Citizens Bank SBA Franchise Loans
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Borrow Money to Buy a Wireless Toyz FranchiseNeed money to invest in a Wireless Toyz franchise? Citizens Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Wireless Toyz franchise shouldn't be too tough. In 2006, Citizens Bank issued an SBA franchise loan to an entrepreneur in Farmington, Michigan. Because Wireless Toyz was registered with the SBA's registry of franchises, this Michigan small business loan was issued on an expedited basis. SBA Loan Borrower WIRELESS TOYZ SBA Loan Lender CITIZENS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443112 - Radio, Television, and Electronics Stores Loan Approval Date 3/24/2006 Loan Approval Gross Amount $168,700 Loan Approval from the SBA Of the total $168,700 loan amount, the SBA guaranteed $126,525. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Wireless Toyz franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Lansing, Michigan Getting a Business Loan in Michigan
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