Colorado Entrepreneur Secures Financing to Buy Sports Clips Franchise

Borrowing money to purchase a Sports Clips franchise? Textron Business Credit, Inc. has a history of making these loans and they are guaranteed by the SBA.

Sports Clips franchise loans are available to Colorado Springs, Colorado entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Textron Business Credit, Inc., based in Providence, Rhode Island, issued an SBA franchise loan for a Sports Clips franchise in 2001. We've got all the details on this Colorado small business loan.

SBA Loan Borrower

SPORT CLIPS
COLORADO SPRINGS, CO 80919

SBA Loan Lender

TEXTRON BUSINESS CREDIT, INC.
40 WESTMINISTER ST
PROVIDENCE, RI 02903

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812111 - Barber Shops

Loan Approval Date

2/9/2001

Loan Approval Gross Amount

$156,700

Loan Approval from the SBA

Of the total $156,700 loan amount, the SBA guaranteed $117,525.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Sports Clips franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 12 existing jobs.

Getting an SBA Loan For Your Business

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

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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

Business Line of Credit

Small Business Banks in Providence, Rhode Island

Rhode Island SBA 7A Banks