Valley Bank Of Helena Provides SBA Loan to Buy Great Clips Franchise

Need money to purchase a Great Clips franchise? Valley Bank Of Helena has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Clancy (clancey), Montana needed money to invest in a Great Clips franchise back in 2004. Valley Bank Of Helena issued an SBA franchise loan. Here are the details on this Montana small business loan.

SBA Loan Borrower

GREAT CLIPS
CLANCY (CLANCEY), MT 59634

SBA Loan Lender

VALLEY BANK OF HELENA
3030 N MONTANA AVE
HELENA, MT 59601

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

12/21/2004

Loan Approval Gross Amount

$66,200

Loan Approval from the SBA

Of the total $66,200 loan amount, the SBA guaranteed $56,270.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Great Clips franchise. At the time of the loan, the company had 23 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 30 existing jobs.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $66,200. How would you spend $66,200 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:

Great Clips, Inc.

Alternative Financing

SBA Approved Banks in Helena, Montana

Montana SBA Banks