National City Bank Provides SBA Loan to Buy Supercuts Franchise

Need money to buy a Supercuts franchise? National City Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Belmont, Michigan needed money to invest in a Supercuts franchise back in 2005. National City Bank issued an SBA franchise loan. Here are the details on this Michigan small business loan.

SBA Loan Borrower

TLS, INC.
Belmont, MI 49306

SBA Loan Lender

NATIONAL CITY BANK
2595 WAUKEGAN RD
BANNOCKBURN, IL 60015

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

6/23/2005

Loan Approval Gross Amount

$282,200

Loan Approval from the SBA

Of the total $282,200 loan amount, the SBA guaranteed $141,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Supercuts franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help retain 14 existing jobs.

Start the Process for Getting an SBA Loan Today!

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.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from National City Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Supercuts

Business Line of Credit

Banks in Bannockburn, Illinois

Illinois SBA 7A Lenders