United Bank & Tr - Washtenaw Provides SBA Loan to Buy Radiance Med Spa Franchise

Borrowing money to buy a Radiance Med Spa franchise? United Bank & Tr - Washtenaw has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Birmingham, Michigan needed money to invest in a Radiance Med Spa franchise back in 2007. United Bank & Tr - Washtenaw issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

RADIANCE MEDSPA OF BIRMINGHAM
BIRMINGHAM, MI 48009

SBA Loan Lender

UNITED BANK & TR - WASHTENAW
2723 S STATE ST
ANN ARBOR, MI 48104

This lender issued this SBA business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

8/30/2007

Loan Approval Gross Amount

$515,000

Loan Approval from the SBA

Of the total $515,000 loan amount, the SBA guaranteed $386,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Radiance Med Spa franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the borrowed money would help create 7 new jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $515,000. How would you spend $515,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Radiance Medspa

Obtaining Funding - How to Borrow Money

SBA 7A Banks in Ann Arbor, Michigan

Browse All Business Loan Sources for Michigan