Loan to Buy Supercuts Franchise Issued By Rbs Citizens

Need money to invest in a Supercuts franchise? Rbs Citizens has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Supercuts franchise shouldn't be too tough. In 2005, Rbs Citizens issued an SBA franchise loan to an entrepreneur in Cherry Hill, New Jersey. Because Supercuts was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

CYBSTYLE, INC DBA SUPERCUTS
CHERRY HILL, NJ 08002

SBA Loan Lender

RBS CITIZENS
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

5/6/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 20 employees. The loan application indicated that the loan would help retain 20 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Cherry Hill NJ, you ought to talk with a local Cherry Hill SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cherry Hill 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 $100,000 loan. Remember, where there is a will, there is a way!

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 Credit Evaluation

SBA 7A Banks for Providence, Rhode Island Loans

Rhode Island SBA 7A Banks