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Success Story

Satisfied SBA Client Expands Franchise Business

THE SITUATION: REPEAT SBA CLIENT SEEKS FOURTH FRANCHISE

Two Wisconsin entrepreneurs own three existing franchise retail businesses across the Midwest featuring a loyal customer base. Despite geographical challenges, the opportunity to purchase a fourth franchise on the West Coast is too good to pass up. The team is practiced in hiring, training, and empowering trustworthy managers as part of operating a successful franchise business.

Out-of-Market Location

The team successfully runs three Midwestern locations, each acquired with an SBA loan from First Business Bank. They will run the new location on the West Coast using the franchise resources, including remote inventory management, security system cameras, and other sales solutions.

THE SOLUTION: FIRST BUSINESS BANK SBA 7(A) LOAN

Why fix what isn’t broken? This team worked with First Business Bank, Preferred SBA Lender, on three other loans, and it’s important to them to work with proven SBA experts to navigate the process.

Flexibility

An SBA 7(a) loan through First Business Bank allows this team to continue to operate its three franchise locations and acquire a fourth.

Reliability

With a previous track record successfully closing three other SBA loans for this team, they’ve built a comfort level with First Business Bank to help grow their business across the United States.

"The clients’ business model allows them to effectively operate profitable stores without being onsite on a daily basis, and the franchise’s sophisticated remote inventory management systems provide additional support. They’d successfully completed three other SBA transactions with our bank, so THEY HAD CONFIDENCE THAT FIRST BUSINESS BANK COULD DELIVER AGAIN.”

— Ryan Black, Business Development Officer, SBA Lending & Servicing, First Business Bank

Thinking of investing in a franchise?

Reach out to First Business to learn more about SBA loans that can help you achieve your franchise goals.

To our Valued Clients

When you receive your November deposit statements, you will see a new more modern look. When we upgraded our statements, we also provided required compliance disclosures. The required compliance disclosures increased the size of the November statements causing increased file sizes and download times. We apologize for the inconvenience. Please reach out to your First Business Bank Relationship Manager if you have questions or if we can be of assistance.

To our Valued Clients

When you receive your November deposit statements, you will see a new more modern look. When we upgraded our statements, we also provided required compliance disclosures. The required compliance disclosures increased the size of the November statements causing increased file sizes and download times. We apologize for the inconvenience. Please reach out to your First Business Bank Relationship Manager if you have questions or if we can be of assistance.

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.