Let's Talk

Success Story

FRANCHISE BUSINESS ACQUIRES THIRD GEORGIA RESTAURANT

THE SITUATION: CORPORATE ASKS CLIENT TO PURCHASE FRANCHISE

Our client, who owns two other pizza franchise restaurant locations in Georgia, is approached by the corporate office to open a third without a bidding process for the franchise.

Window of Opportunity

A local business owner operated a successful family-friendly pizza franchise in a midsize town in Georgia until retiring, when the restaurant closed. However, the town still craved more pizza.

Request from the Top

The corporate office was aware of the strong brand affinity in that community and the appetite for a location to open again. They asked our client, a successful operator of two other franchises, to re-open one in this town to meet demand.

THE SOLUTION: $1.5 MILLION 7(A) SBA LOAN FOR FRANCHISE

First Business Bank’s SBA team, an SBA-designated Preferred Lending Partner, worked to secure a $1.5 million 10-year SBA 7(a) loan build out, equipment, and a working line of capital so this community could once again enjoy its favorite pizza place

Long Amortization

A 10-year SBA 7(a) loan provides clients favorable repayment terms, flexibility, and an improved cash flow position when compared to conventional loans.

Predictable Cash Flow

SBA 7(a) loans provide a stable, predictable source of funds to start, acquire, or expand a business, and for operational expenses, accounts payment, and purchasing inventory.

"Our client was so pleased to bring back this beloved pizza restaurant to the community after they lost it when the previous owner retired, and we were DELIGHTED TO HELP THEM MAKE THAT HAPPEN.”

— Jeff Smith, SBA Business Development Officer, First Business Bank

WANT TO LEARN MORE?

Let’s talk. Contact your First Business representative today or visit firstbusiness.com/sba.

NOTICE

Access to Online Private Banking is intermittently unavailable; users may not be able to access it at this time. We are working to restore access as soon as possible. If you have questions, please contact us at: 855-257-4149.

Contact Us ›

NOTICE

Access to our Remote Deposit Capture system is intermittently unavailable; users may not be able to access it at this time. We are working to restore access as possible. If you have questions, please contact us at:

  1. Wisconsin Region: 608-232-5938
  2. Kansas Region: 913-717-6464

NOTICE

To protect clients and employees, we temporarily suspended courier service. For other deposit needs, please see your client email sent on 3/16/2020 for instructions regarding deposits at your local First Business Bank office.

To set up Mobile Banking, please contact our Treasury Management Support team at 608-232-5938. We will alert you when courier service is available again. Thank you.