New Jersey Entrepreneur Secures Financing to Buy Lemon Tree "A Unisex Haircutting Est Franchise

Borrowing money to invest in a Lemon Tree "A Unisex Haircutting Est franchise? Columbia Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Lemon Tree "A Unisex Haircutting Est franchise requires some effort but others before you have been successful. In 2000, Columbia Bank issued an SBA franchise loan to an entrepreneur in Edison, New Jersey. Because Lemon Tree "A Unisex Haircutting Est was registered with the SBA's registry of franchises, this New Jersey small business loan was issued on an expedited basis.

SBA Loan Borrower

THE LEMON TREE
EDISON, NJ 08817

SBA Loan Lender

COLUMBIA BANK
RTE 4 EAST, STE 304, BERGEN M
PARAMUS, NJ 07652

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7231 - Beauty Shops

NAICS Code

812112 - Beauty Salons

Loan Approval Date

4/11/2000

Loan Approval Gross Amount

$72,500

Loan Approval from the SBA

Of the total $72,500 loan amount, the SBA guaranteed $58,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Lemon Tree "A Unisex Haircutting Est franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the borrowed money would help generate 4 new jobs.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Columbia Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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