Bank Of America Provides SBA Loan to Buy Cost Cutter Family Hair Care Franchise

Borrowing money to purchase a Cost Cutter Family Hair Care franchise? Bank Of America has a history of making these loans and they are guaranteed by the SBA.

Cost Cutter Family Hair Care franchise loans are available to Cedar Hill, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of America, based in Charlotte, North Carolina, issued an SBA franchise loan for a Cost Cutter Family Hair Care franchise in 2004. We've got all the details on this Texas small business loan.

SBA Loan Borrower

ADEROHUNMU-MALONE-HAWKINS,INC.
CEDAR HILL, TX 75104

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

8/9/2004

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Cost Cutter Family Hair Care franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Cedar Hill or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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