First Bank of the Lake — SBA Loan Case Studies

Reed’s Moving Services needed more stability with their warehouse situation and more growth for their primary moving business. In under 30 days, they closed a $3.3MM 7a loans with First Bank of the Lake.

Lifetime Green Coatings provides low VOC, green epoxy floor coatings for offices, warehouses and homes. They wanted funding for franchise licensing, working capital and equipment. In under 30 days, they did a $400,000 7a loan with First Bank of the Lake.

Dog lover Kasia Anderson, closed a $345,000 7a SBA loan to follow her dream of owning a dog grooming business. The funds were used to set up a franchise of Woof Gang Bakery and build out the property.

A Colorado winter sports entrepreneur got a $2.2MM 7a SBA loan to buy a longtime ski business from a retiring owner. First Bank of the Lake was able to close the deal in just 35 days.

Tyler Green wanted to purchase Freelite AZ, a Phoenix windows and door installer. He did a $363,000 SBA 7a loan to buyout a retiring business owner with First Bank of the Lake.

Car enthuisiast Dan BIllings, got a $585,000 SBA 7a loan to setup a Tint World franchise. Learn from his amazing story and how he was able to become breakeven in the first year of ownership.

Perfect Moving needed access to caplital to greatly expand their NYC-based moving company. The $3.6MM SBA 504 and 7a loans were used to acquire more storage properties, more equipment and working capital.