Grand Rapids, MI Entrepreneur Gets SBA Loan to Buy Wireless Toyz Franchise

Need money to buy a Wireless Toyz franchise? Comerica 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 overly burdensome. In 2004, Comerica Bank issued an SBA franchise loan to an entrepreneur in Grand Rapids, 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

AZZO INVESTMENT LLC AND AZZO W
GRAND RAPIDS, MI 49549

SBA Loan Lender

COMERICA BANK
1717 MAIN
DALLAS, TX 75201

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

11/23/2004

Loan Approval Gross Amount

$308,500

Loan Approval from the SBA

Of the total $308,500 loan amount, the SBA guaranteed $231,375.

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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

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

While you may be able to borrow money from friends and family, 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.

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