Loan to Buy Slender Lady Franchise Issued By Northrim Bank

Need money to purchase a Slender Lady franchise? Northrim Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Slender Lady franchise? If so, here's a 2003 SBA franchise loan that you should know about. Northrim Bank was the lender and the entrepreneur was based in Anchorage, Alaska.

SBA Loan Borrower

SLENDER LADY
ANCHORAGE, AK 99517

SBA Loan Lender

NORTHRIM BANK
2709 SPENARD RD
ANCHORAGE, AK 99503

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

10/16/2003

Loan Approval Gross Amount

$57,000

Loan Approval from the SBA

Of the total $57,000 loan amount, the SBA guaranteed $48,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Slender Lady franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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

Related Links:

Slender Lady

How Much Venture Capital Is There?

SBA Approved Banks in Anchorage, Alaska

Find an SBA Lender in Alaska