Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

Where to Get a Business Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

M&i Marshall & Ilsley Bank Provides SBA Loan to Buy Computer Troubleshooters Franchise

Need money to purchase a Computer Troubleshooters 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 Computer Troubleshooters franchise shouldn't be too tough. In 2005, M&i Marshall & Ilsley Bank issued an SBA franchise loan to an entrepreneur in Milwaukee, Wisconsin. Because Computer Troubleshooters was registered with the SBA's registry of franchises, this Wisconsin small business loan was issued on an expedited basis.

SBA Loan Borrower

COMPUTER TROUBLESHOOTERS OF BR
MILWAUKEE, WI 53222

SBA Loan Lender

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

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541512 - Computer Systems Design Services

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Computer Troubleshooters franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $30,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Computer Troubleshooters

Find Start-Up Capital

SBA Banks in Milwaukee, Wisconsin

Getting an SBA Loan in Wisconsin