California Entrepreneur Secures Financing to Buy Wireless Toyz Franchise

Need money to invest in 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 is doable. In 2006, Comerica Bank issued an SBA franchise loan to an entrepreneur in Wilmington, California. Because Wireless Toyz was registered with the SBA's registry of franchises, this California small business loan was issued on an expedited basis.

SBA Loan Borrower

WIRELESS TOYZ
WILMINGTON, CA 90744

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

1/6/2006

Loan Approval Gross Amount

$213,400

Loan Approval from the SBA

Of the total $213,400 loan amount, the SBA guaranteed $160,050.

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. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 5 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Wilmington CA, you ought to talk with a local Wilmington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wilmington businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica 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.

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