Borrow Money to Buy a Sports Clips Franchise
Borrowing money to purchase a Sports Clips franchise? Wells Fargo Bank has a history of making these loans and they are guaranteed by the SBA.
Want to borrow money to buy a Sports Clips franchise? If so, here's a 2002 SBA franchise loan that you should know about. Wells Fargo Bank was the lender and the entrepreneur was based in Gilbert, Arizona.
SBA Loan Borrower
CASCADE SCOTTSDALE LLC
GILBERT, AZ 85296
SBA Loan Lender
WELLS FARGO BANK
100 W WASHINGTON ST
PHOENIX, AZ 85003
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
10/18/2002
Loan Approval Gross Amount
$144,000
Loan Approval from the SBA
Of the total $144,000 loan amount, the SBA guaranteed $122,400.
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 9 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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
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SBA 7A Lenders in Phoenix, Arizona
Arizona SBA Banks