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May 3, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Richfield, Business Loans > M&i Marshall & Ilsley Bank Richfield Business Loans > Tri-State Tire, Inc. Loan | ||||
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How Much Does It Cost to Buy a Franchise in Dubuque, Iowa?
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Borrow Money to Buy a Team Tires Plus FranchiseNeed money to invest in a Team Tires Plus franchise? M&i Marshall & Ilsley Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Dubuque, Iowa needed money to invest in a Team Tires Plus franchise back in 2000. M&i Marshall & Ilsley Bank issued an SBA franchise loan. Here are the details on this Iowa small business loan. SBA Loan Borrower TRI-STATE TIRE, INC. SBA Loan Lender M&I MARSHALL & ILSLEY BANK This bank 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. SIC Code 5531 - Auto and Home Supply Stores NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 3/22/2000 Loan Approval Gross Amount $243,750 Loan Approval from the SBA Of the total $243,750 loan amount, the SBA guaranteed $182,813. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Team Tires Plus franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Dubuque or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Participating Banks in Richfield, Minnesota
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