M&i Marshall & Ilsley Bank Provides SBA Loan to Buy Armstrong Mccall Franchise

Need money to invest in an Armstrong Mccall franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Tucson, Arizona needed money to invest in an Armstrong Mccall franchise back in 2002. M&i Marshall & Ilsley Bank issued an SBA franchise loan. Here are the details on this Arizona small business loan.

SBA Loan Borrower

SAGUARO BEAUTY SUPPLY INC
TUCSON, AZ 85712

SBA Loan Lender

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

This lender provides SBA loan for small businesses 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

446120 - Cosmetics, Beauty Supplies, and Perfume Stores

Loan Approval Date

12/23/2002

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Armstrong Mccall franchise. At the time of the loan, the company had 18 employees. The SBA loan documents indicated that the loan would help retain 18 existing jobs.

Next Steps for Getting an SBA Loan

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like M&i Marshall & Ilsley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Armstrong McCall

Determining Proper Capital Structure for a Business

Where to Get an SBA Loan in Milwaukee, Wisconsin

SBA Participating Banks in Wisconsin