Missouri Entrepreneur Secures Financing to Buy Sports Clips Franchise

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

If you live near Creve Coeur, Missouri and are interested in buying a Sports Clips franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2005 by U.S. Bank National Association. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

SPORT CLIPS
CREVE COEUR, MO 63141

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

2/14/2005

Loan Approval Gross Amount

$142,100

Loan Approval from the SBA

Of the total $142,100 loan amount, the SBA guaranteed $120,785.

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 10 employees. The SBA loan documents indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start business in Creve Coeur MO, you ought to talk with a local Creve Coeur SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Creve Coeur businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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