Loan to Buy Great Clips Franchise Issued By First Fed. Bank - Midwest

Need money to purchase a Great Clips franchise? First Fed. Bank - Midwest has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Findlay, Ohio needed money to invest in a Great Clips franchise back in 2006. First Fed. Bank - Midwest issued an SBA franchise loan. Here are the details on this Ohio small business loan.

SBA Loan Borrower

GREAT CLIPS
FINDLAY, OH 45840

SBA Loan Lender

FIRST FED. BANK - MIDWEST
301 S MAIN ST
FINDLAY, OH 45840

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812111 - Barber Shops

Loan Approval Date

10/17/2006

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

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 6 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My 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:

Great Clips, Inc.

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