Cary, NC Entrepreneur Gets SBA Loan to Buy Sports Clips Franchise

Need a loan to invest in a Sports Clips franchise? Trustmark National Bank has a history of making these loans and they are guaranteed by the SBA.

Sports Clips franchise loans are available to Cary, North Carolina entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Trustmark National Bank, based in Brandon, Mississippi, issued an SBA franchise loan for a Sports Clips franchise in 2003. We've got all the details on this North Carolina small business loan.

SBA Loan Borrower

SPORT CLIPS
CARY, NC 27519

SBA Loan Lender

TRUSTMARK NATIONAL BANK
106 GOVERNMENT ST
BRANDON, MS 39042

This bank 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

812111 - Barber Shops

Loan Approval Date

9/4/2003

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $60,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the borrowed money would help generate 5 new jobs.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Cary NC, you ought to talk with a local Cary SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cary businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $120,000 loan. Remember, you control your own destiny.

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:

Sport Clips

Getting a Small Business Loan

Banks in Brandon, Mississippi

Getting a Business Loan in Mississippi